The week 02.05.-06.05.2022
09 May, 2022

Most major benchmarks fell for the sixth week in a row as concerns about interest rates and inflation weighed on sentiment. Last week, markets were especially volatile, with major market fluctuations including the year's highest daily gain and daily fall. However, the Cboe Volatility Index (VIX) remained marginally lower than the intraday levels briefly achieved in late January.

The Federal Reserve of the United States approved an interest-rate rise of half a percentage point, which is twice as large as the quarter-point increase granted in March. While more rises are expected, Chairman Jerome Powell stated that the central bank would not consider hiking rates in three-quarters of a percentage point increments.

The S&P 500 closed the week down 0.18%, One-Signal Xpress with -2.99% and One-Signal Xpert with 2.05%.

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