Jerome Powell of the FED is set to give another speech on the plan to continue rate hikes for the remainder of the calendar year and there is speculation on whether he will follow through with these or not as the fight to curb inflation continues.
It looks like he’ll remain firm on sticking with the planned hikes as inflation is still pretty damn high sourcedon’t let this deter you from sticking to your strategy you’ve been following for months as nothing has really changed all that much. People are gonna be making lots of noise over the decision and the market may react late in the afternoon tomorrow, but the real effects will be seen next business week and further.
Just a friendly reminder to brace yourselves for all the posts coming about this.
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