FOMC meeting · The Trading Lounge

FOMC meeting

There are no rat cuts at this meeting. Market was positive and Powell needs more data before making a decision. While he was speaking, market was pumping even with questions about rate cuts, inflation, and job market data. Just as always after Powell finishes, market decides to drop 2-3 dollars and get to key levels. Once spy reaches below 550, buyers came in and floated it up. Now we shall see what happens. Earnings is upon us. Hope everyone made money today.

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