Fed meeting analysis - Rate hold announcement

1.Decided to keep the rate unchanged at 4.25-4.50.

2.Forsee a rate cut later in the year, which is an unrealistic hope

3.Powell & other waiting for more macro economic data regarding rate cut.

4.Fed remain in wait and see mode

5.key factors to watch for possible 1 or two rate cut late in the year:

1.july labour report

2.inflation data

3.Trade /Tariff development

The market may react neutral ,may continue its range/ consolidation trend untill late this year.So what we have to do-

1.Wait for clear trend

2.Follow the same rule,buy on major support and sell on resistance ,no breakout buying until the major resistance is broken clearly with pullback conformation.

3.No fomo or jump in the middle of the trend .

4.Have patience and wait for your level.

Hope this helps 😊.