The prospect of steep interest rate hikes | 10 3月 2023

10 3月 2023, GBP/USD

GBPUSD trading plan:

Money markets have priced in a return of the Fed to a 50 basis points hike at its next meeting on March 21-22 and a peak of about 5.7% in September, some 20 basis points higher than before Powell's testimony. Investors fear the Fed is going to overdo it. While the Fed's words and actions are always closely followed by investors, market participants have been particularly focused on the central bank's response to rising inflation pressures in the economy since the COVID-19 slowdown. Some have criticized it for being too slow in shifting its attention from fighting the pandemic economic shock to controlling prices.

Investment idea: range 1.1860 -1.1960.

Join our community on Instagram or Facebook! Every week we give $50 to the trading account to the authors of the most accurate forecasts.

David Johnson
Analyst of «FreshForex» company
同意该评论吗?
交易员的评论:
Close
授权
您浏览器禁用cookie 文件. 在此情况下, 私人空间显示不正常. 如何启动cookie 文件的支持.