XJO - Bear Posts only (Factors which might cause the markets to fall), page-12194

• Fed Signals Another Hike May Be on the Table
  The Federal Reserve kept the target range for the federal funds rate at a 22-year high of 5.25%-5.5% in its September 2023 meeting, following a 25bps hike in July, and in line with market expectations but signaled there could be another hike this year. Projections released in the dot-plot showed the likelihood of one more increase this year, then two cuts in 2024.

There was the bull's hopium again last night with the indexes crapping themselves. Powell just re interated what he has been saying for over a year, but the Blinkered Bull Brigade continue to fight the fed and "channel" a soft landing and early rate cuts.... clueless and deaf as usual. absolutely no idea what is happening around them.