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The current question on everyone’s mind is whether Federal Reserve Chair Jerome Powell is giving into the demands of Wall Street or if he sees something alarming on the horizon. The answer to this question could shape the course of the U.S. economy in 2023. Let’s delve into the two possible scenarios that may unfold.
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The U.S. Dollar Index has shown little movement following the release of the Chicago PMI report. According to the report, the index declined from 55.8 in November to 46.9 in December. Despite this significant drop, the U.S. Dollar Index has not shown any major reaction. Traders are closely monitoring the index’s movement, particularly if it
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USDCAD, the currency pair consisting of the US dollar and the Canadian dollar, is currently on the path to recovery after a significant decline in December. While positive momentum is gaining traction, it is still uncertain whether this is just a temporary respite or the beginning of a sustained rebound. After reaching a five-month low
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