Market Recap | 14-June-2023
According to a report from the US Department of Labor, the data showed that the Consumer Price Index (CPI) rose by 0.1% on a monthly basis in May, following a 0.4% increase in April. Additionally, the inflation rate increased by 4% on an annual basis, which is lower than expected.
Based on this data, investors have priced in a 93% probability that the Federal Reserve will maintain interest rates within the range of 5% to 5.25%, as investors await the FOMC Statement and the FOMC Press Conference. The S&P 500 index rose by approximately 0.7% ahead of the Federal Reserve’s decision, marking its highest closing in about 14 months.
Key Takeaways U.S. Markets Close Lower with Growing Trade and Fed Tensions ECB Cuts Interest…
EURUSD: Potential Bearish Correction as RSI is in Overbought Territory Following a strong uptrend since…
Dear Valued Clients, To enhance your trading experience, we will be performing a historical data…
Oil prices went up on Thursday to regain some of the losses it has incurred…
Key Takeaways: All three major US indices close lower this week after volatile sessions Netflix…
About IA Pickleball Cup 2025 On March 8, 2025, STARTRADER participated as the Diamond Sponsor…
This website uses cookies.