MARKET DAILY

Market 11/21: FOMC Minutes and pessimistic outlook for the retail sector

Existing home sales continue to plummet with real estate investment demand collapsing. Binance CEO resigns after money laundering allegations.

FOMC members unanimously agree to keep the policy rate high for some time (contrary to the market's desire for early rate cuts.

Members agree to make interest rate decisions "in a careful manner"

Affirm the goal of only making rate cut decisions if inflation decreases.

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