|Hello everyone and welcome to all our new members,
Last week was another great week for our members with more than a couple opportunities to book very good near-term gains.
This week, we have a disruptive med-tech report with a low float that could see some good volatility. To be released Tuesday January 31st, 2023, at market open.
The federal reserve will be announcing their next interest rate decision at 2:00 PM on Wednesday this week. Here is what to expect according to Forbes…
Investors are expecting the Federal Open Market Committee (FOMC) to dial back once again the pace of its monetary policy tightening campaign at the meeting on January 31 and February 1.
At the December FOMC meeting, the committee eased interest rate hikes to 50 basis points (bps) from 75 bps. This time around, the Federal Reserve will likely raise rates by just 25 bps, and will also continue to allow up to $95 billion in assets to roll off its balance sheet on a monthly basis.
The Fed is trying to navigate a soft landing for the U.S. economy by bringing inflation back to its 2% long-term target while avoiding a recession. The S&P 500 is up 11.5% since the beginning of October thanks in part to investor optimism about cooling inflation, but the Fed will still struggle to decide when to stop hiking interest rates.
Full report now available here: https://tradersnewssource.com/stss-full-report/
The Traders News Team
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