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Russell 2000 Technical Analysis - Watch this level for the next big move
The Fed hiked interest rates by 25 bps as expected and kept everything unchanged. This outcome was already baked in, and the market was more interested on possible hints from Fed Chair Powell regarding the next policy moves. Unfortunately, Powell didn’t offer much as he just repeated their data dependency and kept all options on the table. The data since the FOMC meeting has been supporting the soft landing narrative with the US Jobless Claims beating expectations once again and the US PCE and E...
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Posted: Jul 31 2023, 07:32
Author Name: forexlive
Views: 112669