Fed Finished and Focus Lists
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Good evening traders. Today the Fed has finally paused rate hikes (as expected) and therefore trading should be smoother as we have no huge catalysts in store.
Although the Fed paused, they increased their projections for this years inflation and Powell said that we should not expect cuts in 2023 at all. This could mean a cut in 2024 although the market is pricing in closer to 6 months.
I have two very interesting catalyst driven trades I would like to get into at the end of this week, but for now let’s look at some technical setups.
