Morning Ideas August 29, 2022
Good morning traders...
Powell was very direct on Friday at Jackson Hole. He basically said that the market was in for some "pain" because the FED was ready to slow down the economy, in order to achieve some price stability (tame inflation).
The market was quiet overnight, but I believe the next test is 3850 below.
Powell was very direct on Friday at Jackson Hole. He basically said that the market was in for some "pain" because the FED was ready to slow down the economy, in order to achieve some price stability (tame inflation).
The market was quiet overnight, but I believe the next test is 3850 below.