Day: June 17, 2021

Stocks Retreat As Fed Expects Two Rate Hikes In 2023

S&P 500 futures are moving lower in premarket trading as stocks remain under pressure after Fed Interest Rate Decision. The Fed left the interest rate unchanged, but Fed’s dot plot, which shows the potential trajectory of interest rates in the future, indicated that two interest rate hikes are expected by the end of 2023. Fed …

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King Dollar crowned by the Fed, antipodeans fight back, gold melts

The dollar is holding onto gains triggered by a surprisingly hawkish Fed decision, while gold is licking its wounds. The bank signaled tapering is on the agenda and raised its forecasts. The Aussie and the kiwi fought back in response to robust data US jobless claims and the Swiss rate decision are eyed. Tapering and …

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