US10Y - Will Donald Trumps Lower Interest Rates Come True?
President Donald Trump late Wednesday criticized the Federal Reserve, urging the central bank to reduce interest rates, hours after it chose to leave borrowing rates unchanged.
He quotes “The Fed would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into the economy,” Trump said in a post on Truth Social on Wednesday, adding “Do the right thing.”
On Thursday, we witnessed manipulation to the downside, indicating that in the short term we could be in for higher yields, with 4.267% being the 1st point of interest.
Reference: abcnews.go.com/Business/trump-criticizes-federal-reserve-calls-lower-interest-rates/story?id=119982504
He quotes “The Fed would be MUCH better off CUTTING RATES as U.S. Tariffs start to transition (ease!) their way into the economy,” Trump said in a post on Truth Social on Wednesday, adding “Do the right thing.”
On Thursday, we witnessed manipulation to the downside, indicating that in the short term we could be in for higher yields, with 4.267% being the 1st point of interest.
Reference: abcnews.go.com/Business/trump-criticizes-federal-reserve-calls-lower-interest-rates/story?id=119982504
Trade closed: target reached
Weekly target of 4.353% has been delivered.
US10Y could continue to rally to the upside throughout the remainder of the week but due to me aiming for low hanging fruits in the beginning, I am sitting on my hands for the remainder of the week.
I will use the rest of the week to study the delivery of price action.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.