Yesterday, the US30 sold off into the close as the Fed came out a bit more hawkish than expected. In fact, not only the statement contained a line that hinted to a pushback against the March cut, but also Fed Chair Powell doubled down saying that a March cut was not their base case. All of the above though is conditional to the data as they just want to see inflation continuing to slow towards their target. If we get some weak reports, especially on the labour market side, then the Fed will have more confidence in delivering a rate cut in March. US30 Technical Analysis – Daily TimeframeOn the daily chart, we can see that the US30 is approaching a key support zone around the 37800 level where
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