The next FOMC meeting will be held on October 31-November 1, 2023. The Fed held rates steady at 5.25%-5.50% at its September 2023 FOMC meeting, a “hawkish pause” that provided some relief for a strained banking sector and tepid stock market.
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The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
Thank you for the support, the best way to reach out to me is through our private discord chat, please DM me.
Fomc rate decision is today at 2: P.m. Eastern time, I will be live streaming it and this is how to prepare. Let me go ahead and start sharing my screen. I Really hope that you guys learned something new.
Please consider dropping a thumbs up. And again, if you want to tune on into the actual live stream right before the Rapport actually comes out, make sure you subscribe to the YouTube channel and make sure you turn on your post notifications so you get alerted when it is that I Go Live! Uh, Now sharing my screen, we got overall Tqqq up about 2.9% Overall NASDAQ markets up about 1% on the day and one of the things that I quickly want to show you is what is the Market's expectation. According to the Market's consensus, right? Uh, according to this Fed rate monitor tool, there is a 99.9% probability that the Federal Reserve is going to pause, meaning that there is not an expectation for them to raise or there's not an expectation for them to cut. Now again, this is an expectation.
Uh, it has been said by Jerome p in the previous Fomc rate uh decision that it wouldn't be much of a surprise. There's I think a total of 12 out of seven. So 12 members of the Federal Reserve voted that they would expect one more quarter bases rate hike by the end of 2023 and it hasn't happened yet. So if it doesn't happen this time, then it's set to potentially happen in December.
But right now there is such an expectation that the Federal Reserve is going to pause I Just think it's really interesting if they were to announce a rate hike, how this would affect the overall Market Because just last week Jerome pal spoke in a meeting and he didn't sound doish which means that he was going to pause or cut rates. Uh, he was talking about monetary policy. He was talking about the overall labor market and how everything is RedHot To me, that would almost. You know, just really accept the idea or welcome the idea of a potential rate hike because when the Market's very hot and you want to slow it down right then you raise interest rates to make it less attractive for other people to borrow money.
So that is what the Federal Reserve is trying to decide. Today Is the Federal Reserve going to raise rates, making it more expensive for people like you and I and businesses to borrow money? Or are they going to pause? Pause means they do nothing. There's no rate hike, there's no rate cut, but again, simply a pause. And then tomorrow, tomorrow.
Of course we have Apple reporting earnings after the market closes. So two of the main focuses. again. today is the Federal Reserve Fomc rate decision.
And then tomorrow is the actual earning reports for Apple which is the biggest tech company that's publicly traded. So as of right now from 7:53 a.m. which is about 1 hour and a half after the market opened. uh, we have NASDAQ market up nearly 1% If you've never experienced this before, markets get very choppy and very volatile leading up to this Fomc rate decision. and the reason I'm sharing this with you is I do not see this to be a time to be super aggressive I like to stay cash I like the decision to be announced and then I wait for the Market's reaction and then I tried to make an informed decision to kind of work with the market to again just kind of dance with it instead of trying to over complicate it and end up not working well with it. So again, we will be live streaming this for free on the YouTube channel. so make sure that you guys subscribe if you guys haven't done so already. So I'm going to start um, setting up for that I will be sharing the link on my Instagram and if you guys don't follow me there, that's the third link in the description down below.
So other than that, I appreciate you guys' time. I'll see you guys in just a little bit I Hope that earned a thumbs up. Please consider subscribing and again, we'll see you in just a few hours. Uh, for the F1c raid decision Take Care Team.
I really doubt they will pause
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Thank you Ricky !! lol got it love Remy God bless you and your beautiful family champ
Thank you Ricky. Looking forward to it.
Rates need to be raised more. No reason in hell housing prices raise 30%+ in a year, big corrections need made to hold the market accountable.
😄 Ricky the best
Remy with the ninja skills sneaking in the video
I am freaking completely amazed how just one man can have so much control of the market. Just sad,sad,sad. That one man can have such power. TO BRING MARKET UP OR DOWN. ONE MAN SHOULD NOT HAVE THAT MUCH POWER. I KNOW THERE IS A COMMITTEE. BUT IT ALL FALLS ON HIS HEAD.
Need ur help Ricky keep getting logged out
Thanks again, ricky! See you at 2pm EST.
QQQ is going to 360 end of week easily.
powel$$ loser$$
Yup prepared to lose money with him
You mean Nvidia will go higher than this I can't believe it😅
Remi the goat