The movement of JCI this week may potentially be influenced by global catalysts. Investors will be focused on the Federal Reserve meeting scheduled for January 27, 2022. In some occasions, the US central bank’s officials have given signals to increase the interest rate 3 times this year; after previously deciding to end the Quantitative Easing (QE) in March. Market participants anticipates a more aggressive tightening policy; in line with the high inflation rate in the US which reached 7% YoY in 2021.
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