SPX sees some downward pressure
FOMC Announcement
Unemployment seen around 3-4%
Inflation Elevated then "moderating"
Upward pressure on spending with supply bottlenecks "larger than anticipated"...
Prediction of 2022 inflation 2.2% for 2022
Inflation Goal 2% is goal
2023 projections on Fed rates above 3%
Ed-We will see in June & July CPI rates...
FX:AUDUSD
After a sharp gain, AUDUSD approached a key resistance zone (around 0.7020), established on the 26th of October 2018.
Moreover, tomorrow (2nd July), there's going to be the RBA Interest Rate Decision of July, followed, as usual, by a statement from the governor of the Reserve Bank of Australia, Philip Lowe.
At its meeting of June, the Board decided to...
The FOMC rate statement was largely in line with expectations and to the hawkish side - with a september hike hinted at. Much of which followed the rhetoric of FOMC members in the past few weeks (see previous posts) and data (disregarding the poor -4% durable goods mom print). Perhaps the most hawkish/ promising statement made for a Sept rate hike was the fact Fed...
