Chart Storm For The New Year | Weekly Round Up
Inflection Point
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What Do You See When You Look at This Charm Yet?
The fed funds rate has been held very steadily down right around that point three, one % type range. Jerome powell fetcher was raising rates. However, in the final month of 20 eighteent december, 20 eighteenth, we had something like a 20 % crash in the stock market leading to the so called powell pivot in january of 20 19. There is a chart later which shows the relationship between the actual fu fed funds rate and then what the fed is forecasting its dot plots. And that will be relevant.
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