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FX.co ★ 03.05.2021: Correction in the US market still may come (S&P500, DXY, USD/CAD, BTC/USD)

03.05.2021: Correction in the US market still may come (S&P500, DXY, USD/CAD, BTC/USD)

The US stock market is showing signs of exhaustion. The apparent reason for a decline was inflation acceleration, including an increase in the PCE price index in the first quarter. Besides, the US Fed stated its stance on growing inflation in the policy update last week. The US central bank is facing a dilemma. On the one hand, the regulator wants to stick to its ultra-loose monetary policy. On the other hand, it has no other tool against inflation, but tightening of monetary policy. In turn, a rate hike could stall economic growth and cause a downturn in financial markets.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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