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Strategies & Market Trends : Humble1 and Swing Trading Friends
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From: humble110/10/2023 2:32:37 AM
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As Pluto turns direct while squaring Mars, the FOMC changes directions, too.

Fed Vice Chair Philip Jefferson said Monday officials could “proceed carefully” following the recent rise in Treasury yields, and Fed Bank of Dallas President Lorie Logan said the surge in long-term rates may mean less need for further tightening.

“The spike in bond yields coupled with the unfolding geopolitical tensions in the Middle East seem to have served as the catalyst for the much-anticipated dovish shift from the Federal Reserve — a move that equity markets have been eagerly awaiting,” said Tony Sycamore, a senior market analyst at IG Australia.

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