HAPPY FOMC ! 🏦
- USD received a boost yesterday after higher employment cost index data. Observing another bull flag breakout via the daily.
- Several key data points to watch ahead of the FOMC today; ADP Non-Farm Employment Change, ISM Manufacturing PMI, ISM Manufacturing Prices, JOLTS Job Openings.
- FOMC; attention on the timing of ending QT. Further guidance on whether a rate cut is even going to happen this year, the possibility of a hike.? The outlook on current sticky inflation.
- The ball is in the court of the USD bulls 🐂📈
