A sneak peek into tommorow's FOMC action

T8terTrad3r@bbs profile image
Nov 1, 2022

The US FOMC often uses the Wall Street Journal to signal ahead of time as to 1) what thier action on the Fed Funds Rate will be; and 2) what thier positioning will be afterward (hawkish, dovish, or neutral, for example).

Read this article and interpret it how you will.

I infer (just an opinion) a 75 basis point increase and a pause (or possibly one smaller increase) going into the next year.

Take this info and add it to your TA to decide how  you anticipate the market will react tommorow morning.

It's also often a good idea to pay particular attention to price action over the 18-24 hours prior to the announcement.  This can signal what investors are expecting. Then, if news comes in as expected, or was priced in too heavily, that could instigate a market pop. If the news is worse than expected, well... You can guess what might happen.

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