TommyIV
Administrator
"Following Powell's comments investors continued give a roughly 70% probability the Fed will cut rates at its September meeting, a view that would likely require changes to the policy statement to be released after the Fed's July 30-31 meeting."
The S-fund index DWCPF was down as much as 0.7% during this address to the Senate. It then bounced back after the TSP trade deadline nearly erasing all of the day's losses before slipping again. It is currently down 0.3%.
Meanwhile, the S&P 500 has kept its trading range tight with modest gains below 0.3% all day.
Small caps seem to be particularly sensitive to the Fed's rate projections. I would expect a big move when the FOMC releases their policy statement at the end of the month.
US economy no longer overheated, Fed's Powell tells Congress
The S-fund index DWCPF was down as much as 0.7% during this address to the Senate. It then bounced back after the TSP trade deadline nearly erasing all of the day's losses before slipping again. It is currently down 0.3%.
Meanwhile, the S&P 500 has kept its trading range tight with modest gains below 0.3% all day.
Small caps seem to be particularly sensitive to the Fed's rate projections. I would expect a big move when the FOMC releases their policy statement at the end of the month.
US economy no longer overheated, Fed's Powell tells Congress
