February 1, 2023

Wall Street resumed its upward trend in January after declining in December

Wall Street rises on Tuesday, January 31, as wage growth data indicated that the Federal Reserve’s aggressive approach to controlling inflation is taking hold ahead of its monetary policy decision. The Fed will decide on rates on Wednesday and traders are betting on a 25 basis point hike at the end of its two-day meeting, and a terminal rate of 4.9% in June.

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