U.S. stocks were subdued Wednesday as hawkish comments from the Fed chairman dampened risk appetite and increased fears that the economy is headed for a hard landing.

Dollar strength saw EUR/USD tumble back below 1.05, with room to run below to support.

Quantitative tightening is a policy tool used by central banks to moderate an overheating economy. Find out how it is implemented and uncover its potential drawbacks

ECB, Fed and BoE remain committed to driving inflation lower but economic growth prospects continue to dwindle driving stocks and crypto lower.

The U.S. dollar rallies after Powell maintains a hawkish stance, indicating that the Fed is determined to curb inflation and that the biggest mistake would be not to restore price stability.

Sentiment Continues to Flip-Flop Between Inflation and Recession Fears.

German CPI Drops Amid Government Fiscal Support, EUR/CHF Falls to Parity

EUR/GBPis respecting a multi-month bullish channel as the single currency firms ahead of the ECB tightening monetary policy, and potentially sharply, in the coming months.