FOMC Tuesday

The September FOMC begins today and, while no news is scheduled until tomorrow, there's still plenty to discuss as the markets prepare for the Fedlines and Jerry's presser.

Today has begun rather quietly, however. The precious metals rallied overnight on a weaker POSX but then, of course, began to fall as soon as the Comex opened. (5:20 and 5:25 PT on the charts below.) As you can see below, CDS actually got to $23.70 but now, as if by magic, it has returned to that same $23.50 level that has acted as a focus of resistance since late last week....

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Key Economic Events Week of 9/25

9/26 8:30 ET New Home Sales
9/26 9:00 ET Case-Shiller home prices
9/26 10:00 ET Consumer Confidence
9/26 1:30 ET Goon Bowman
9/27 8:30 ET Durable Goods
9/28 8:30 ET Q2 GDP final guess
9/28 1:00 ET Goon Cook
9/28 4:00 ET Chief Goon Powell
9/29 8:30 ET PCE and Core PCE
9/29 8:30 ET Personal Inc and Spend
9/29 10:00 ET UMich sentiment

Forum Discussion

by argentus maximus, Sep 13, 2023 - 12:08pm
by Wade Case, Sep 11, 2023 - 5:55am
by argentus maximus, Sep 7, 2023 - 12:40pm
by argentus maximus, Sep 7, 2023 - 12:36pm