Dollar Rebounds after Fed, ECB Meeting but the Rally may Prove Fleeting
The Fed hiked the interest rate by 25 basis points yesterday and hinted that there will be another hike, after which it will likely be done with tightening. Despite worries about inflation, Powell said at the press conference that the committee believes it is necessary to slow down the pace of monetary tightening. Market indicators […]
Fed’s Bostic sees a likelihood services inflation will prove stickier than Fed would want
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