⚠️Wall Street Week Ahead: *Markets Hold Breath For Inflation Data, Fed Policy Meeting $DIA $SPY $QQQ $IWM $VIX
, it could influence Fed Chair Jerome Powell's statement. The language he uses, and what he doesn't say, have often riled markets. As I have repeatedly demonstrated in the ups and downs amid the current downturn, investors grow optimistic or pessimistic about monetary policy according to the short-term trend.
However, if the CPI print is substantially lower than expected, it would almost certainly send the benchmark flying, quickly forming the right shoulder of the top - and it could even go higher than that, undoing the top.
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