The Fed keeps a very dovish stance despite stronger optimism

The Fed expressed more optimism about economic prospects, no worry about raising bond yields and saw no need to hike rates before 2024. The markets’ reaction was rather calm, but the USD plunged and the EUR/USD exchange rate rebounded unexpectedly from 1.19 to 1.1980.

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ES-economy
February 22, 2022

Flight to safety

Tensions with Russia have risen after Vladimir Putin officially recognised the two breakaway provinces around the Ukrainian cities of Donetsk and Luhansk and ordered Russian forces…
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