📆 Thursday, June 15
► Investors are readjusting their strategies as Federal Reserve Chairman Jerome Powell signals possible further interest rate hikes this year, despite the recent pause. The hawkish tone has led to a pullback in US stocks. Powell said, that Fed officials are expecting to hike rates for another two times and that none of the members anticipate rate cuts to begin until well into 2024.
► Tech stocks are feeling the pressure of Powell's comments, with the Nasdaq 100 expected to give up some of its gains from 2023.
► Attention has now shifted to the European Central Bank (ECB) as it grappled with inflation rates three times higher than its 2% target. The bank raised its deposit rate by a 25 basis-points to 3.5% today.
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