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Russell 2000 Technical Analysis

The Fed last week made the decision to pause its tightening cycle, settling at a range of 5.00-5.25%. Their reason was the need for additional economic data before proceeding with further rate hikes. Their objective is to carefully adjust the level of monetary restraint necessary to reduce inflation to the 2% target without inflicting excessive hardship on the economy. The Russell 2000 responded positively the day after the FOMC decision, rallying, but experienced a slight retracement just befor... Read More

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Content Topics

Russell

2000

Technical

Analysis

Forex

Posted: Jun 19 2023, 11:07

Author Name: forexlive

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