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It's Fed day, but new home sales data is coming up first

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... Read More
Posted: Jul 26 2023, 12:40
Author Name: forexlive
Views: 110678

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