Is the Fed About to Reverse Course?

The Fed, the central bank of the United States, after increasing interest rates by .25% after its last meeting, issued a statement that was a bit different than other recent statements after the Fed decided to increase interest rates.           Here is a comment by Fed Chair Jerome Powell pointing out the differences between the…

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Financial Markets, the Economy and Currency Creation

            My ‘double top’ theory from last week is holding true so far, but we will wait and see.  If you missed last week’s post, a double top is a bearish formation where prior market highs are approximately reached but no new highs are made.             At this point, it’s too early to tell.            …

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