FOMC minutes coming out, Magnelibra Econemotions expects both rhetoric upon keeping rates elevated for 2023, but we believe the FED will acknowledge the fact that inflation is and should continue to fall and that increased economic pressure for 2023 from prior rate hikes should bring wage inflation down as well. For now, this is the SP500 closing levels we are watching denoted in Blue and Red. More to come later today:
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