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S&P 500: correction amid Fed policy and macro data
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*) see also: InstaForex Trading Indicators for S&P 500 (SPX) The outcome of the January Fed meeting and the nomination of Kevin Warsh create supportive conditions for further dollar strengthening, especially given expectations of tougher measures to contain inflation. However, the market remains cautious ahead of key economic releases, including the Non?Farm Payrolls report (on Friday) and the ISM PMI indices for the US manufacturing and services sectors, underscoring the need for careful assessment of the Fed's next steps, as well
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