Last week 1915 was a decisive resistance for price to reach 1990. Upcoming Fed Decision, Will it retest 1915 support or will it trade below 1915?
Upcoming Fed Rate Decision, I am confident Fed will rise Interest rate despite having a dilemma like SVB.
However, it pausible Fed will stop interest rate at 5% IF inflation rate in bearish momentum.
This is based on my personal opinion.
Recent date show Inflation rate is at 6.04%. It was peak at 9.06% in June 2022. Drop 3.02% in 8 month.
We will expect another 8 months or less until inflation lowered to 2% or 3%.
Upcoming Fed Rate Decision, I am confident Fed will rise Interest rate despite having a dilemma like SVB.
However, it pausible Fed will stop interest rate at 5% IF inflation rate in bearish momentum.
This is based on my personal opinion.
Recent date show Inflation rate is at 6.04%. It was peak at 9.06% in June 2022. Drop 3.02% in 8 month.
We will expect another 8 months or less until inflation lowered to 2% or 3%.