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S&P 500 Technical Analysis

S&P 500 Technical Analysis
The Fed delivered a bit more hawkish pause than expected keeping interest rates unchanged at 5.00-5.25% but adding 50 bps to the projected terminal rate in the Dot Plot. The Fed decided to pause at this meeting to see more economic data before deciding on another possible hike at the July meeting. This action may be justified given the weaker details in the latest NFP report and some more disinflation in the latest CPI report, although the core readings remain sticky at elevated levels. Fed Chai... Read More
Posted: Jun 15 2023, 06:50
Author Name: forexlive
Views: 081279

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