The week 31.10.-04.11.2022
04 Nov, 2022

A day after the Fed suggested that it has no intention of slowing down its aggressive rate-increase program anytime soon and announced another 75 basis point interest rate hike, U.S. markets ended negative for the fourth consecutive session on Thursday. Powell stated that the FED may raise its benchmark interest rate target above 5% and then hold it there for a while to allow core inflation to decrease to its target level of 2%. Stocks suffered on Friday as a result of Powell’s remarks from Wednesday, continuing to weigh on investors’ sentiments.

The S&P 500, therefore, closed the week in negative territory with -2.87, returning -21.09% YTD. ONE-SIGNAL Xpert returned -0,89% and ONE-SIGNAL XPRESS -3.61%.

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