Stocks swing lower after Fed hikes, raises outlook for rates

U.S. stocks gave up gains to turn lower Wednesday afternoon after the Federal Reserve, as expected, raised its fed funds rate by 75 basis points, while also signaling that rates would remain higher for longer as the central bank attempts to get a grip on persistent inflation. The Fed’s so-called dot plot showed an expectation for a fed funds rate peaking at 4.6% in 2023, with 12 of 19 policy makers showing expectations for a fed funds rate between 4.5% and 5% in 2023. The Dow Jones Industrial Average DJIA, -1.20% erased a gain of around 170 points and was down 100 points, or 0.3%, on the day. The S&P 500 SPX, -1.15% fell 0.3%, giving up a gain of 0.7%, while the Nasdaq Composite COMP, -1.12% gave up a comparable gain to fall 0.6%.

Ichimoku Cloud Analysis 16.04.2024 (EURUSD, USDJPY, NZDUSD)

EURUSD, “Euro vs US Dollar” EURUSD is testing the lower boundary of the bearish channel. The pair is going below the Ichimoku Cloud, which suggests

GBP is too weak. Overview for 16.04.2024

The British pound, paired with the US dollar, attempted to recover but without success. The current GBPUSD exchange rate stands at 1.2437. Yesterday’s release of

The fall of the euro is not easily stopped. Overview for 16.04.2024

The main currency pair is still declining on Tuesday. The current EURUSD exchange rate stands at 1.0613 Yesterday, the US released a retail sales report

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