What’s good E.T Fam? Happy Hump Day! Well Fam, today is the day that we’ve been waiting on. The FOMC meeting has concluded and good ol J Powell has delivered the Fed’s decision. It seems that they’ve chosen to take a bit of a dovish and hawkish approach with things leaning more towards hawkish. Now, I won’t lie to you all, this isn’t the outcome that we hoped for. However, it is indeed an outcome that we knew was possible.
It isn’t particularly bullish, but it’s not particularly a bearish nuke either. Right now, we’re still waiting to see exactly how the markets will react. I’m not taking any drastic actions at the moment. Patience will be the key moving forward. We aren’t expected to see the first rate hike until March.
So, there may be more relief bounces in the near future. There’s also a possibility of the markets stabilizing for the time being, but it’s still a shaky situation. Don’t fret. The plan is to keep bringing you all useful content and to continue building. This is the moment where the cream will rise to the top, and the weak will fade away.
Those who stay engaged in this space will be rewarded. Stay engaged Fam! Take care!
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