22 June 2023
Federal Reserve Chairman Jerome Powell calling for a further two rate hikes this year to push US inflation to the 2% target.
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22 June 2023
Federal Reserve Chairman Jerome Powell calling for a further two rate hikes this year to push US inflation to the 2% target.
21 June 2023
Await the Federal Reserve chairman Jerome Powell’s testimony before Congress due tonight at 21.00 Western Indonesia Time and will be closely watched for clues on how strongly the head of US Central Bank stresses the need to resume rate hikes following a pause last week.
20 June 2023
Amidst the national holiday in the US stock market, investors had to use other sentiments available in determining the direction of market movement. With the first visit to China by a US secretary of state in five years.
19 June 2023
The US central bank is still staunchly on the hawkish path, as reported by the comments of two Federal Reserve officials who cautioned that US Core Inflation has not budged and rate hikes are still necessary as US Inflation is still far from their target of 2%.
16 June 2023
All three major US indexes recorded a surge above 1% at their highest in 14 months, as investors cheered economic data that fueled bets that the US Federal Reserve is nearing the end of its aggressive interest-rate hike trend.