The Federal Open Market Committee (FOMC) followed through with plans to raise federal funds interest rates by 75 basis points, and the market didn’t like it.
After a few wild moves in both directions on Wednesday after the announcement, the downside was chosen and the market ended on the lows. I think it is clear that we should expect lower prices. The question is what path will it take?
Let’s take a look at the potential aftermath:
The FOMC plans for fighting inflation are a big topic and monetary policy is affecting the stock market. How do you trade this uncertain environment? Members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market adjusts to new events. Join us as we keep up with how this market is moving!
Your Profit Pilot, TG
