Sterling today: Pound steadies near weekly high as US inflation data tests dollar
Sterling today: Pound steadies near weekly high as US inflation data tests dollar
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The US Fed has planned only one rate cut this year and four cuts in 2025
By JustMarkets At Wednesday’s close, the Dow Jones Index (US30) decreased by 0.09%, while the S&P 500 Index (US500) added 0.85%. The NASDAQ Technology Index (US100) closed positive 1.53%. Meanwhile, the S&P 500 (US500) and NASDAQ (US100) indices made new highs. As expected, the FOMC kept the target range for the federal funds rate unchanged at 5.25%–5.50% and said it would not cut rates until there…
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It isn’t panic time yet – North American session Market wrap for January 14
Log in to today’s North American session Market wrap for January 14 Today’s session unleashed a wave of panic across global markets, driven by a combination of factors: the weekend’s attack on the Fed, inflation data that—while not alarming—remains hot enough to delay rate cuts, and most importantly, the growing probability of an attack on…
