We've got a bit of good news today, traders. The Federal Reserve sees the economic recovery gaining steam but has no plans to hike interest rates for the foreseeable future. That means short-term borrowing rates will remain tethered near zero while the Fed maintains its current asset purchasing policy. The Fed's decision is about what Wall Street was expecting, but some investors were prepared for a possible curveball. And the Federal Reserve expects GDP to continue growing, signaling a strong economic push for at least the next couple of years. This is good news for traders like us. We have tons of opportunities on the horizon that we can use to grow our trading accounts. Please keep reading for details on how I can work with you to establish a trading strategy that will follow the coming economic changes!
Now let's go Beyond the Trade: Stop Exiting Trades Too Early with these Easy Steps Figuring out the proper time to enter and exit a trade can be tricky, especially if you're new to trading. For a lot of traders, the problem is tied to them overleveraging their accounts. If you're risking too much in a trade, it can force you to exit too soon for fear of taking a big loss. That's why having a proper risk management strategy is crucial to maintaining healthy staying power. Check out my video to learn more about entering and exiting trades at the right time!
In The News: Dow climbs 189 points to close above 33,000 for the first time as Fed sticks to easy policy U.S. Treasury has mailed out 150,000 paper checks, made 90 million direct deposits Oil dips for 4th day as IEA sees no supercycle for demand Tesla launches Giga Berlin hiring spree with 28 new job postings in three days
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Wednesday, March 17, 2021
Feds see the recovery as strong, but no plans for rate hikes
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