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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February 22, 2023: US Indices Face Sharp Losses

US indices face sharp losses, and US30 loses all of its 2023 gains. US indices closed sharply lower in Tuesday’s session, pressured by the growing investor sentiment that the Federal Reserve will keep interest rates high for a more extended period after data showed a recovery in business activity in the United States in February.

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