WEEK AHEAD: FED WATCH
Hello Traders, Investors and Friends !!
A big week for central banks, with the Federal Reserve widely expected to deliver a second 50 basis point rate hike on Wednesday already adding to the 75 bps of rate hikes already delivered since March.
Investors will be watching closely to see what Fed Chair Jerome Powell has to say about future rate hikes after Friday’s much stronger than expected inflation data.
Friday’s hot May inflation data has revived fears that Powell could flag a faster pace of future rate hikes.
Another rate hike ( half-percentage-point ) is priced in for July, with a strong chance of a similar move in September but this is less clear cut with Investors concerned that an aggressive push higher on rates by the Fed could tip the economy into recession.
AUDUSD bears are in control but the bulls could be preparing to move in. The bears have been in control due to a strong USD and risk off markets with Wall Street down 5% on the week. U.S. stocks have fallen for most of the year and recorded their biggest weekly percentage declines since January and ended sharply lower on Friday after the May inflation report put paid to hopes that price pressures may have peaked.
This is an article not Financial Advice always do your own research
If you have questions you can write it in the comments below and I will answer them
And please don’t forget to support this idea with your likes and comments
A big week for central banks, with the Federal Reserve widely expected to deliver a second 50 basis point rate hike on Wednesday already adding to the 75 bps of rate hikes already delivered since March.
Investors will be watching closely to see what Fed Chair Jerome Powell has to say about future rate hikes after Friday’s much stronger than expected inflation data.
Friday’s hot May inflation data has revived fears that Powell could flag a faster pace of future rate hikes.
Another rate hike ( half-percentage-point ) is priced in for July, with a strong chance of a similar move in September but this is less clear cut with Investors concerned that an aggressive push higher on rates by the Fed could tip the economy into recession.
AUDUSD bears are in control but the bulls could be preparing to move in. The bears have been in control due to a strong USD and risk off markets with Wall Street down 5% on the week. U.S. stocks have fallen for most of the year and recorded their biggest weekly percentage declines since January and ended sharply lower on Friday after the May inflation report put paid to hopes that price pressures may have peaked.
This is an article not Financial Advice always do your own research
If you have questions you can write it in the comments below and I will answer them
And please don’t forget to support this idea with your likes and comments
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