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Dow Jones Technical Analysis

The Federal Reserve surprised market expectations with a slightly more hawkish stance by keeping interest rates steady at 5.00-5.25%, which was in line with forecasts, but revising the projected terminal rate in the Dot Plot by adding 50 basis points. The Fed opted to pause at this meeting to gather more economic data before making a decision on a possible interest rate hike at the July meeting. This decision seems reasonable considering the underwhelming details in the most recent Non-Farm Payr... Read More

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Posted: Jun 15 2023, 08:48

Author Name: forexlive

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