Federal Reserve (FED) news

The Federal Reserve (FED) is the central banking system in the US. It manages monetary policy to maintain price stability and promote maximum employment. It primarily uses the federal funds rate and open market operations to influence interest rates and the money supply, impacting the US economy and global markets. It also provides forward guidance to shape market expectations.

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Dow Jones (DJIA) Technical: Resting at key support ahead of FOMC, watch the US Treasury yield curve to trigger a bullish move
The Dow Jones (DJIA) staged a bullish breakout above 45,780, hitting a new all-time high of 46,140 before pulling back -1.1% to 45,645 ahead of the Fed’s policy decision and dot plot release. The index’s outlook remains tied to the US Treasury yield curve, where a potential re-steepening on dovish Fed guidance could fuel the next bullish leg. Key support is at 45,780/45,690, with resistance at 46,180 and 46,570.
by Kelvin Wong
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