@Bunifa Latif:$NASDAQ(.IXIC)$"Soft landing” scenario no longer a given as hawkish Fed up the ante. The Federal Open Market Committee has, in a widely expected move, hiked the Fed Funds rates by 75 bps to 3.25% in the latest policy meeting. Based on the Summary of Economic Projections (SEP) table, the committee now expects the Fed Funds rate to peak at 4.6% by end-2023 (up from 3.8% in the June SEP estimates) and 3.9% by end-2024 (up from 3.4% in the June SEP).In the press conference, Fed Chair Jerome Powell made it clear that bringing inflation back down to 2% remains paramount as the central bank seeks to restore price stability to the economy. He also cautioned that the likelihood of a “soft landing” for the American economy has dim
@Keeley:$Advanced Micro Devices(AMD)$ #AMD Price played nicely according to my last analysis, taking out the bearish POI at 90.90, and taking buy-side liquidity built in August 2022. From here, I'm expecting a bearish retracement potentially back into the bullish POI at 87.81 next. https://www.tradingview.com/chart/AMD/449GpnnV-AMD-Analysis/