The FED spoke and the bread rose, nothing new under the sun. Today, Friday, Jerome Powell spoke, and, as expected, in her speech she spoke of maintaining interest rate increases to control price inflation. She also stressed that there will be a pain in businesses and homes.
After her speech, the markets suffered. Today the Nasdaq loses 2.6%, the SP500 2%, DownJones 1.74%, Bitcoin 4.4%, and Ethereum 7.8%.
At the moment the fundamental concepts follow their expected path, so the month of September is expected to a 0.75% rise in interest rates, which are already being discounted from prices today, so we have to hope that there will be no more FUD or new news unfavorable. I believe that we will close the month with this bearish trend today and then in September we will stay in lower ranges. We have to wait for new CPI data and also see the earnings reports of the companies as they evolve in the third quarter of the year.
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