Ed Moya, Senior Market Analyst at OANDA to discuss what markets or sectors or data it will take to make the Fed do something. Powell spoke to the Senate yesterday and to the House today but so far continues to state that the Fed is remaining on the sideline. However long term yields are at key resistance, US markets might be starting a correction, and inflation expectations are rising. Will any of these factors make the Fed change course anytime soon?
Click here to visit the OANDA website and read over Ed’s daily note. It’s a great summary of markets, gold, and other important market moves.