Treasury's press conference triggered a strong selloff in the stock market

US Treasury Confirms no Guarantees: Uncertainty Looms Over US Markets. The US Dollar Index continues pounding after the Federal Reserve’s latest interest rate hike. The price of the Dollar Index is declining below 102.00 and is close to reaching a 2-month low. So far this morning, the Dollar is declining by 0.25%. Global stocks are higher than the day’s open price but lower than yesterday’s due to a significant decline after the Fed’s interest rate hike.

Fed meeting

The Fed’s 2-day meeting ended with the Federal Open Market Committee determining a 0.25% hike as most appropriate. The interest rate hike was as expected, but investors were more concerned with the Fed’s comments and the Treasury’s press conference. The treasury’s press conference took place simultaneously and sparked a strong selloff in the stock market. During today’s market analysis blog, we will explore why investors sold US-based assets significantly.

Investors will also monitor developments from today’s Bank of England rate decision and press conference. Investors are leaning towards a 25 basis point hike and a halt for the next few months. This is despite yesterday’s red-hot inflation figures.

Read the second part of the update by NAGA: Nasdaq after initial gain came under pressure because of comments within Federal Reserve and US Treasury press conferences| FXMAG.COM