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yep gotcha, all centred on FOMC plus economic activity...

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roulette

788 Posts.

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18/03/24

13:47

Post #: 72941154
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Originally posted by Ewebute: ↑

I believe the Fed might do something that most won't expect. A rate cut is unlikely with the 'strength' of the economy. With factors putting upward pressure on inflation, they might increase interest rates. With reduced money in the system, the banks are already increasing interest rates for borrowers.

Yes, a very increased amount of volatility on and the lead up to Thursday. We might even see a push up in the US beforehand (false push for retail money magnetism). Then when no rate cuts (unless the data is actually very bad), then a reason to dump the markets... Oh everyone was wrong..

On another note, GoldNY in a wedge potential breakout pattern?

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yep gotcha, all centred on FOMC plus economic activity projections 19th-20th. well we'll have some clues tomorrow

tax cuts in fiscal policy from both sides worry me, esp when they only know one way - more taxes

Last edited by roulette: 18/03/24

XJO Value at posting: 7,662.1
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