For now, futures are not looking good. Anything can happen given the uncertainty.
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Any thoughts on the FED decision / statement Bull?
What happened US markets overnight bull
Down heaps
Nothing on Stuff lol
fed meeting tomorrow could have major moves in assets based on commentary and question time as market getting panicky ahead of this in all assets.
i expect todays moves were positioning based on some change in rhetoric. as mentioned on here i have been short for portfolio protection.
anyway time for bed gotto get sleep when can
Thanks.
On the close strong labour market with increase in Labour costs above expectation.
I was short, but closed out before the number.
Ahh well a win is a win.
I do wonder if what is going on in the US commercial property market may start influencing the FED. Probably not tomorrow though.
key question for Jerome Powell tomorrow. "In light of continued wage inflation pressure is the FED considering raising rates"
Market worried
massive moves up and down in and after question time
Fed keeps rates steady as it notes ‘lack of further progress’ on inflation
https://www.cnbc.com/2024/05/01/fed-...may-2024-.html