Stocks And Precious Metals Charts: FOMC Tomorrow
Stocks slumped again today in advance of the FOMC rate decision tomorrow.
The Dollar strengthened on rumors of a hawkish meeting and press conference.
Gold and silver declined a bit.
I suspect that the Fed will raise 75 bp tomorrow.
As for any further hawkish words from Powell, we'll just have to see.
It smells like a sell the rumor buy the news type of scenario but it is hard to forecast the vagaries of the rapacious minds of our modern imperial moneymen
Have a pleasant evening.
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Disclaimer: These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from ...
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