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On the SPOT™ blog (06/21/2023) [A..]

Federal Reserve Chairman's Congressional testimony reiterated his view that they might have to raise rates to tame inflation albeit at a moderate pace and their meeting-by-meeting decisions would be data-driven. This might have taken the air out of some speculators who were counting on end of monetary policy tightening. Interest rate speculations seems to have a correlation with tech-heavy Nasdaq as this morning (PST), it seems to be in red and so is S&P. Dow is in slight green at the moment. Let's see how the markets finish today.

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