On the SPOT™ blog (01/10/2023) [U..]
Relatively calm day for the markets today. Federal Reserve chairman didn't comment on the rate hike schedule. Comments from other Fed officials and JP Morgan CEO suggested that rate hikes could be higher than currently anticipated. As such there wasn't any materially new information that could sway the markets in either direction because the effects of Feds' monetary policy on inflation isn't exactly clear and it is a long battle to which the Feds are committed. All three major US indices finished the day in green.
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