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Fed Powell keeps Sep hike open, S&P 500 continues to lose upside momentum

US equities ended mixed in Wednesday’s session, following Fed’s expected rate increase by 25 bps to 5.25-5.50%. Despite the major policy decision, market volatility was surprisingly restrained throughout the trading session. Fed Chair Jerome Powell indicated that another rate hike could be on the table for September, while steering clear of predicting when a rate […] The post Fed Powell keeps Sep hike open, S&P 500 continues to lose upside momentum appeared first on Action Forex... Read More

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Posted: Jul 27 2023, 04:06

Author Name: actionforex

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