StocksRallied in the first month of the year, and market strategists are forecasting that markets could pull back again in the future due to the US’ war on terror. The Federal Reserve is continuing to raise rates and preserve its dovish stance. A wider match. In three days, February 1, 2023, the Federal Open Market Committee (FOMC) will meet. While analysts expect the market to anticipate rate cuts, the Fed is likely to continue increasing the federal funds rate.
Strategist Possible market correction, Powell Expected to tighten monetary conditions
Markets Are paying close attention to the upcoming Federal Open Market Committee (FOMC) meeting, scheduled for Wednesday, February 1, three days away. Last week, Bitcoin.com News reported on how investors are carefully monitoring the selection of Jerome Powell as the sixteenth Chairman of the Federal Reserve. As The FOMC meeting draws near, social media has become a hub for discussion about the outcome.
Market strategist, also known as “The Carter” explained on January 27 that “there will be turbulence on February 1,” referring to the potential market chaos that may occur after Powell’s address. While some investors are expecting a dovish outcome from the Fed and potential rate cuts, Carter argued that Powell might use this opportunity to tighten and tighten.
The strategist anticipates that the Fed will address this issue forcefully by the chair on February 1, changing the conversation to the length of the Fed’s terminal rate. “Look up to expand on the lessons of the 1970s,” Carter noted. “Why the market continues to punch Powell in the face and not
