The fed will raise rates tomorrow by .25% ?

bloomberg.com

Live: Updates on FOMC Rate Decision, Chair Jerome Powell's News Conference
Mar. 22nd, 2023
  • Fed hikes by quarter point, signals it still expects higher rates
  • Impact of bank turmoil real, though extent is uncertain: Fed
  • Central bank to keep same pace of balance-sheet unwind
  • Yield curve steepens, stocks rise as markets see decision as dovish
Just Now 11:29 PST
Policymakers now see the fed funds rate ending next year at 4.3%, according to median projections, up slightly from the 4.1% they saw in December. That also suggests they see rates having to stay higher for a little longer to combat inflation. In other words, they are definitely not seeing more rate cuts for next year, on average, because of the recent turmoil in banking. At least not yet.
 
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cnbc.com
The Fed forecasts just one more rate hike this year
By Yun Li|Mar. 22nd, 2023

The Federal Reserve will hike interest rates just one more time in 2023 before the central bank ends its inflation battle, according to its median forecast released Wednesday.

The Fed kept the “terminal rate” unchanged from the last estimate in December at 5.1%, equivalent to a target range of 5%-5.25%. The central bank on Wednesday took the benchmark federal funds rate a quarter percentage point higher to a range between 4.75%-5%.

The so-called dot plot, which the Fed uses to signal its outlook for the path of interest rates, indicate that a majority of officials (10 out of 18 members) expect only one more rate hike ahead by the end of this year. Seven Fed officials see rates going higher than the 5.1% terminal rate.
 
NQ Market did as expected, not based upon anything
spoken through FOMC, but based on basic price
action principles of a triple top.

No Excuses.
 
Of course, everyone saw the triple top and thought to themselves, "this is the sign of God we must trade lower from here"...

mikeriley said:
NQ Market did as expected, not based upon anything
spoken through FOMC, but based on basic price
action principles of a triple top.

No Excuses.
More...
 
Of course, everyone saw the triple top and thought to themselves, "this is the sign of God we must trade lower from here"...
More...

ONLY those who've traded it a few hundred times in the past
and look to profit. I will never trade against that type of setup.
I did it once before, and lost heavily. Market structure matters.
 
M.W. said:
Of course, everyone saw the triple top and thought to themselves, "this is the sign of God we must trade lower from here"...
More...

To some people, major fundamental shifts in financial conditions do not affect the major indices. It MUST be simple TA techniques like a triple top! When we get to the quad top, it will be the same siren song. When we get to the quint top and the FOMC pauses, then it will be like, "Well, we must break out here! Look at my genius! FA has no effect on the markets!"
 
To some people, major fundamental shifts in financial conditions do not affect the major indices. It MUST be simple TA techniques like a triple top! When we get to the quad top, it will be the same siren song. When we get to the quint top and the FOMC pauses, then it will be like, "Well, we must break out here! Look at my genius! FA has no effect on the markets!"
More...

Of course FOMC has an effect, it always does.
But I don't trade their talking points, I trade
the time-price equation of TA. :D
 
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