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S&P 500 Technical Analysis - The bears are in control
Yesterday, the Fed left interest rates unchanged at 5.25-5.50% as expected but revised its outlook on the more hawkish side. In fact, the Fed not only sees another rate hike by the end of the year but also much less rate cuts in 2024 as they revised it from 4.6% seen in June to 5.1% now. The macroeconomic projections were also revised higher indicating a resilient economy. In the press conference Fed Chair Powell reaffirmed their data dependency and the need to move carefully as they approach th...
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Posted: Sep 21 2023, 07:17
Author Name: forexlive
Views: 101874
