Dow Jones Technical Analysis ...Middle East

Yesterday, the Fed left interest rates unchanged as expected with basically no change to the policy statement. Fed Chair Powell repeated once again that they are “proceeding carefully” as the full effects of the policy tightening have yet to be felt. There were some expectations for him to hint or signal something for the December meeting given that the September Dot Plot showed another rate hike by the end of the year, but Powell instead said that they “have not made any decisions on future meetings” sparking a rally in the Dow Jones. On the data front, yesterday the US Job Openings beat expectations, but the ISM Manufacturing PMI missed by a big margin. The market might be taking this as g

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Dow Jones Technical Analysis ...Middle East

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