Fundamental Analysis Report With Charting Trends - 22 June 2023
Central Bank Decisions And Testimony Drive Market Volatility
In the wake of Federal Reserve Chair Jerome Powell’s testimony before the House Financial Services Committee, the US markets experienced a wave of uncertainty. The reaction to Powell’s comments was mixed, with stock markets bearing the brunt of his aggressive stance, while currency markets perceived him as insufficiently hawkish, resulting in a decline in the US dollar. This article examines the repercussions of Powell’s testimony and explores the expected market volatility in the coming days.
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