March 8, 2023: Fed’s Hawkish Signals Disturbed the Markets

How did the markets react to the first day of Powell’s two-day semiannual monetary policy testimony before Congress? Gold slightly declined following the testimony. Gold prices fell slightly on Wednesday, to their lowest level in a week, after US Federal Reserve Chairman Jerome Powell said that interest rates might need to rise higher than expected

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Powell Paves the Way for Another 50bps Rate Hike

The first day of Federal Reserve Chairman Jerome Powell’s two-day semi-annual before Congress on monetary policy. Federal Reserve Chairman “Jerome Powell” opened the way to the possibility of returning to the pace of hiking interest rates by 50bps at the recent March meeting, based on the strength of the upcoming economic data. Federal Reserve Chairman

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