US equity market lost momentum last week after Federal Reserve chairman Powell undermined investors’ expectations of impending rate cuts. Powell told recent lower inflation was “transitory”, opening interpretations that policy makers believed inflation would soon head higher. The S&P 500 added 0.2%while the ICE US dollar index lost 0.6% giving back most of last week gain. Every week you have an opportunity to watch market overview on major world events with estimates of their influence on financial markets.
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