The Federal Open Market Committee approved the following statement for release by a 12 – 0 vote: The Committee decided to maintain the target range for the federal funds rate at 3-1/2 to 3-3/4 percent, in support of the Federal Reserve's dual mandate. The Committee reaffirmed its policy of maintaining ample reserves in the banking
Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, on average, and the unemployment rate has been little changed in recent months. Inflation is elevated, in part reflecting the recent increase in global energy prices. The Committee seeks to achieve maximum employment and inflation at the
Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has been little changed in recent months. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the
Spotify (SPOT) just did something worth paying attention to. After breaking above a declining resistance line and reclaiming the 50-day moving average, the stock pulled back for four days, found support on a rising trendline, held, and is now bouncing. That’s not random. That’s a chart telling you something. And the lesson here goes
IonQ (IONQ) has been quietly building a trade setup that deserves your attention right now. A wedge pattern is forming on the chart, price is testing it for a potential breakout, and volume is showing signs of conviction. On paper, that's the kind of setup that gets traders excited. But there's a catch. Actually, there
Alphabet (GOOGL) is presenting an interesting technical setup that has me watching closely. There are bullish elements developing on the chart, but several factors still give me pause before committing capital to the long side. The Bullish Case: Support and Pattern Development The stock has found support at previous lows, which is encouraging. When price
Traders often struggle to separate their feelings about a company from the reality of its stock price. It is easy to look at SoFi Technologies (SOFI) and see a disruptive fintech story. You might love the app or use the services and assume that means the stock should go up. But as swing traders, we
If you have been watching Nvidia lately, you have probably noticed the excitement has cooled off. The stock that led the market higher has gone nowhere for months. It has churned sideways, frustrating traders who are used to parabolic upside. Now the chart is showing something more ominous than boredom. A large head and shoulders
There are days in the market that test your resolve, and today is one of them. If you have been watching silver, you know exactly what I mean. We are seeing an aggressive move lower that is triggering panic selling. Fortunes are being won and lost on this kind of volatility. It is ugly out
Available indicators suggest that economic activity has been expanding at a solid pace. Job gains have remained low, and the unemployment rate has shown some signs of stabilization. Inflation remains somewhat elevated. The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic