US stocks ended lower overnight as minutes from the latest FOMC meeting revealed a more hawkish stance than anticipated. The central focus of the minutes was the “lack of further progress” in reducing inflation towards the 2% target, which has raised fresh concerns about the persistence of inflation. Additionally, the minutes highlighted recent monthly data […]
The post FOMC minutes decidedly hawkish, DOW retreats but stays bullish appeared first on Action Forex.
On the surface, the Federal Reserve’s big meeting this past week delivered what many people expected: more delays in cutting interest rates. Inflation is not clearly coming down on a nice sustained basis, the way Read more…
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