Fed Chair Says Fed Policy Just Below Neutral, Stock Market Reverses

“If this market bounce follows through this could be the buy the dip moment investors were waiting for. Not too long ago Jay Powell during a speech abandoned his hawkish tone towards raising rates by indicating that the fed is near the neutral rate. This indicates a slowdown in rate hikes for 2019 and what has worried the markets over the last few months and sent us into a 10% correction. The next level to see if this turns into a full on bounce is if the other factors like China, the trade war, Brexit and oil subside.” — Trading Fraternity

For more investment strategies, visit the Rising Rates Channel.