Stocks rally, dollar slumps after Fed statement, Powell remarks

on Feb 03, 2023 12:01:AM

NEW YORK, USA – A gauge of global stocks rallied and the US dollar slumped on Wednesday, February 1, after the Federal Reserve raised its target interest rate by the expected 25 basis points (bps) but comments from Chair Jerome Powell were interpreted as dovish by the market. The Fed said the US economy was […]