U.S. equities rallied following the FOMC’s 75 bps hike in interest rates, only to crash as Fed Chair Powell hinted at higher-than-expected terminal rates.
The dollar wrecking ball is hurting emerging markets and competing currencies alike. Will the U.S. be the last country to print the global reserve currency?
The United Nations released a report demanding central banks change course and OPEC decided to cut their production quotas by 2 million barrels per day.