$USINTR - A Month of BreathThe Federal Reserve left the target for the Fed Funds Rate ECONOMICS:USINTR
unchanged at 5%-5.25%, as expected, but signaled rates may go to 5.6% by Year-End if the Economy and Inflation do not Slow down more.
It is the first pause in the tightening campaign following ten consecutive hikes that lifted borrowing costs by 500bps to the highest level since September 2007.
Throughout Fed's announcement The Dollar Index TVC:DXY
plunged to what can be said Wave C completed from A-B-C
Elliot Waves Correction
(attached ideas)
Have the markets priced in Inflation ECONOMICS:USIRYY and Interest Rates ECONOMICS:USINTR ?
TRADE SAFE
*** NOTE that this is not Financial Advice !
Please do your own research and consult your Financial Advisor
before partaking on any trading activity based solely on this Idea .