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Started By
Message
re: FED tomorrow
Posted on 2/1/23 at 5:36 pm to go ta hell ole miss
Posted on 2/1/23 at 5:36 pm to go ta hell ole miss
quote:
was referring to Easing up from .5 to .25, not cutting.
Gotcha. I misread since I thought the .25 was a given.
quote:
breaks through this 4100 (sustained) it is going to 4300.
I see that and looks probable at this point. The path is pretty clear to 4500 barring any hiccups in economic data. I still don't think earnings estimates will provide support, but that looks like where the S&P wants to go.
quote:
I am surprised they did not keep the number at .5 with commodities rising and unemployment still so low. The dollar has come in and inflation is coming down
Certainly the risk for upticks in future inflation readings. Powell was pretty optimistic today so we'll wait and see with him.
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