US stock futures extended their move to the downside following hawkish remarks from FED Governor Michelle Bowman.
Key comments:
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app- Additional rate increases likely in the coming months
- Inflation is much too high
- Forceful action is needed
- Substantial risk that high inflation could persist
- Labor market consistent with maximum employment
- Reducing balance sheet to appropriate and manageable level important additional step in addressing high inflation
- It's 'more than time' for the Fed to begin normalizing
- Says she will be closely watching the data in the coming weeks
- Expects a series of rate increases, the timing of which will be determined by data.
- At upcoming meetings, we are likely to see several opportunities to raise rates.
- It is crucial that Congress passes a CBDC.
US30- continues to move lower after comments from FED Bowman. Index is heading towards major support at 33410 pts, which is marked with previous price reactions and lower limit of the 1:1 structure. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
