Gold will break through the resistance zone, SELL will be the cu
The Federal Reserve is expected to raise its benchmark interest rate by 3/4 percentage point at its meeting this Wednesday.
And then, markets expect the central bank to abandon its rate hike hawk in order to reduce its inflation and slow rate hikes, unless data continues to show inflation persists. continues to heat up.
“We expect Chairman Jerome Powell to… use the post-FOMC press conference to offer his view on the deceleration of rate hikes,” Michael Pearce, senior US economist at Capital Economics, wrote in a note. Note to customers. “He could do so by acknowledging the weakness in the real economy that is already underway and by emphasizing that the slowdown in economic activity and price pressures have also eased.”
Several officials at the September meeting suggested that the central bank may slow the pace of rate hikes at some point and gauge the impact of previous rate hikes on inflation, according to the margin. meeting copy.
Pearce said as interest rates rise above neutral — a level that neither promotes nor slows economic growth — he expects Fed officials to discuss balancing rate hikes to cool inflation with the risk of an increase. interest rates are too high and lead to recession.
XAUUSD
SELL LIMIT 1940 - 1942 💯💯
✅ TP1: 1935
✅ TP2: 1930
✅ TP3: 1925
🛑 SL: 1947
And then, markets expect the central bank to abandon its rate hike hawk in order to reduce its inflation and slow rate hikes, unless data continues to show inflation persists. continues to heat up.
“We expect Chairman Jerome Powell to… use the post-FOMC press conference to offer his view on the deceleration of rate hikes,” Michael Pearce, senior US economist at Capital Economics, wrote in a note. Note to customers. “He could do so by acknowledging the weakness in the real economy that is already underway and by emphasizing that the slowdown in economic activity and price pressures have also eased.”
Several officials at the September meeting suggested that the central bank may slow the pace of rate hikes at some point and gauge the impact of previous rate hikes on inflation, according to the margin. meeting copy.
Pearce said as interest rates rise above neutral — a level that neither promotes nor slows economic growth — he expects Fed officials to discuss balancing rate hikes to cool inflation with the risk of an increase. interest rates are too high and lead to recession.
XAUUSD
SELL LIMIT 1940 - 1942 💯💯 ✅ TP1: 1935
✅ TP2: 1930
✅ TP3: 1925
🛑 SL: 1947
