Yes. get ready if Powell speaks.
Particularly if he softens his language on further interest rate hikes.
The supply chain issues with China, the war in Ukraine and Covid were all adding to inflationary pressures.
The Fed pulled the only trigger they have to slow inflation however these issues don't normally form part of a normal economic environment.
I feel they may have over-reacted and caused this correction in the market.
If he talks about a change in direction... then IMO we've reached the bottom... and lookout in the coming days and weeks.
DYOR
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Mkt cap ! $67.10M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1097679 | 1.5¢ |
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| Price($) | Vol. | No. |
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| 1.6¢ | 8343359 | 22 |
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