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It's Fed day, but new home sales data is coming up first
It's finally Fed day but there isn't much drama around the decision. Market pricing is 97.2% for a hike, so it's largely a done deal for the 2 pm decision.What will matter is what comes next and there's currently only a 20% chance of a hike at the subsequent meeting in September, rising to 50% in November. At his 2:30 pm ET press conference, Powell is likely to keep his options open but hints about which way he's leaning will be market movers.Ultimately, though, it will depend on economic data a...
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Posted: Jul 26 2023, 12:40
Author Name: forexlive
Views: 110678