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The Federal Reserve is set to announce its interest rate decision, with expectations of no change. The U.S. CPI report forecasts headline CPI at 3.4% and core CPI at 3.5%, both above the Fed's 2% target. While rate cuts are unlikely, the focus is on Powell's comments on future cuts.
📍 Volatility Alert ► #CPI Data is coming today at 8:30 AM ET. ► If CPI data comes in at 3.4% or lower, then the market will pump. ► But if CPI data exceeds 3.4%, we could also see a dump. ► Also, the #FOMC interest rate announcement will be at 11:30 PM. ► There will be…
CPI is a bigger deal than the Fed tomorrow imo. The FOMC will have no rate cut this month. The dot plot and Powell’s presser will be what everyone pays attention too. The market is pretty much just obsessed with inflation data and its effect on interest rates rn
CPI is a bigger deal than the Fed tomorrow imo. The FOMC will have no rate cut this month. The dot plot and Powell’s presser will be what everyone pays attention too. The market is pretty much just obsessed with inflation data and its effect on interest rates.