Fed's Hawkish Pause Sends Stocks Lower and GBP/USD Diving
TL;DR Summary
The Nasdaq closed 1.5% lower and stocks fell after the Federal Reserve delivered a "hawkish pause" in its interest-rate decision, dot plot, and Jerome Powell press conference.
- Fed meeting: Nasdaq ends 1.5% lower, stocks fall after Fed delivers 'hawkish pause' MarketWatch
- GBP/USD dives after Fed's hawkish pause FXStreet
- In Very “Hawkish Hold,” Fed Keeps Rates at 5.50% Top of Range, Sees One More Hike in 2023, Only Two Rate Cuts in 2024, to 5.25%. QT Continues WOLF STREET
- The dollar is higher, yields are higher and stocks are a bit lower after the FOMC decision ForexLive
- EUR/USD making a run for 1.0750 ahead of Fed's rate call FXStreet
- View Full Coverage on Google News
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