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The Federal Reserve adjusts its economic expectations for the next three years

2022-06-16
975
Fundamental analysis:

The S & P 500 index closed up 54.51 points, or 1.46%, at 3789.99. The Federal Reserve raised the benchmark interest rate by 75 basis points to the range of 1.50%-1.75%. The FOMC economic expectation of the Federal Reserve: the median expected federal funds rate at the end of 2022, 2023 and 2024 is 3.4%, 3.8% and 3.4% respectively.


S & P SP500 - 4-hour K-line diagram display:




Technical comments: the short power continued to fluctuate and fall in the middle and lower rail section of the Bollinger belt index channel. After the low level reached the node near 3707, the shock picked up. The long power showed signs of waiting for the opportunity to enter the market. The Bollinger belt index continued to close. The MACD index kept moving up at the low level in the short area, and the RSI index kept moving up slowly in the short area;


Long short turning point: 3773


Pressing position: 3828, 3862


Support position: 3739, 3704


Trading strategy: bullish above 3773, target 3828, 3862


Alternative strategy: bearish below 3773, target 3739, 3704


The above analysis is a personal point of view and is for reference only.

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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