The market started a sell-off in yesterday’s session around 3.15 p.m. This was apparently due to Atlanta Fed president Bostic’s comments stating: “The U.S. Federal Reserve is under no urgent pressure to cut interest rates given a prospering economy and job market.” The selloff continued overnight and into Tuesday’s session. When a voting member of the Fed speaks the market takes notice, it is up to us traders to keep up with the news that affects our trading as well.
© 2024 Nepali Trader
Substack is the home for great culture