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Dow Jones Technical Analysis

The Fed has decided to pause its tightening cycle at 5.00-5.25% last week because they want to see more economic data before deciding on further rate hike as they are trying to find the right level of monetary restraint needed to bring inflation down to target without too much pain for the economy. In fact, Fed Chair Powell confirmed yesterday during his testimony to Congress that returning to the 2% inflation target has still a long way to go and that the two more rate hikes pencilled in the Do... Read More

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Posted: Jun 22 2023, 07:56

Author Name: forexlive

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