Markets Today with Neo – 22 Feb 2023

Markets Today with Neo – 22 Feb 2023

By Neofytos Hadjineofytous

Market Update 22/02/2023

G20 Meetings Day 1. The G20 summit begins today. It will be held in India until the 25 of February 2023.Crypto regulation and inflationary challenges will be in focus during the Finance Ministers and Central bank governors meeting.

USD – FOMC Meeting. A very much awaited meeting and announcement from the Fed’s is scheduled today after the US market closes. Several members of the FOMC stated recently that there is a need for another interest rate hike. (An increase of the current interest rate) Such a move will probably push the US dollar to continue its uptrend movement. It is worth to mention that both European and US indexes showed a decline for the past 2 days because of the interest rate hike fears.

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