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Nasdaq Composite Technical Analysis - We are at a crucial support

Last week, the Fed kept interest rates unchanged as expected but revised the Dot Plot on the more hawkish side with one more rate hike still expected by the end of the year and much less rate cuts projected for 2024. Fed Chair Powell has also admitted that the soft-landing scenario is not his base case at the moment despite the good macroeconomic projections, and that stronger than expected economic data may require additional tightening. For now, the economic data remains indeed strong with Job... Read More

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Content Topics

Nasdaq

Composite

Technical

Analysis

Crucial

Support

Forex

Posted: Sep 26 2023, 07:17

Author Name: forexlive

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