Technical Assessment: Bullish in the Intermediate-Term

view original post

Summary

This is an important week for the financial markets, as the economic calendar is loaded with key inflation data. The May CPI is out on Wednesday, the May PPI on Thursday, and the May Import Price Index on Friday. We also have an FOMC interest-rate decision (nothing expected) and Chairman Powell’s press conference. According to the CME FedWatch Tool, the next real chance for Fed action is at the September 18 meeting, where the probability of a 25-basis-point (bps) cut is 45% versus 51% for no

Upgrade to begin using premium research reports and get so much more.

Exclusive reports, detailed company profiles, and best-in-class trade insights to take your portfolio to the next level

Upgrade