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Russell 2000 Technical Analysis - Key support got breached

Last week the Fed kept interest rates unchanged as expected while striking a hawkish tone via the Dot Plot. In fact, the Fed not only sees another rate hike by the end of the year, but also much less rate cuts by the end of 2024. Fed Chair Powell has also admitted that the soft-landing scenario is not his base case at the moment and stronger than expected economic data may require additional tightening. For now, the economic data remains strong with Jobless Claims crushing expectations last week... Read More

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Content Topics

Russell

2000

Technical

Analysis

Support

Breached

Forex

Posted: Sep 25 2023, 08:26

Author Name: forexlive

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