Why I think there's High chance FED rate hike 1%
Fed has hint several times that stock market has to fall eventually if not it will by force.
CPI index although is just a guidance, but what's better than the recent CPI index to help FED push it harder.
Fedex has announced and cut their 2023 forecast and declared we are already in Recession.
Hot labour market doesn't seems to have cool down so far, which meant, companies still hiring based on above average salaries package.
Slow down in retail sales doesn't seems significant enough for what fed want to achieve.
Oil reserve is going to top up their reserve soon, drop in oil price is not reflect to the market, it will going high again soon.
Just my 2 cents comment. $SPDR S&P 500 ETF Trust(SPY)$
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