AllTechnical Analysis
logoArgusSeptember 21, 2022

Technical Assessment: Neutral in the Intermediate-Term

Intermediate Term
Long Term

The FOMC is expected to raise the federal funds rate by 75 basis points (bps) today, reaching a target rate of 3.00%-3.25%. That's the highest level since early 2008. As technicians, we do not predict (or care about) what the Fed will do. But we will watch the reaction to the hike and pay close attention to Chairman Powell's comments following the hike.

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