Fed’s Hawkish Stance and New Tariffs Spark Market Volatility – What Traders Need to Watch
The last week of July in the financial markets was packed with both economic and political drivers: US GDP, the FED’s decision, NFP publication, and tariffs.The US President had announced a number of new levies, including 10% global minimum and 15% for countries having trade surplus with the US. The US stocks have corrected from peaks as a result, driving S&P 500 and Nasdaq down for more than 1% from respective peaks.The overall macro sentiment shifts towards the tighter than expected monetary p