Outlook 09/21: U.S. stock futures fall Thursday, deepening losses for the week, as Treasury yields climbed to multi-year highs investors amid the Federal Reserve’s plan to keep interest rates at higher levels for longer. The Federal Reserve said it would leave interest rates unchanged, but forecast another rate hike before the end of the year. The central bank also indicated fewer rate cuts next year, essentially saying it would need to keep rates higher for longer because stubborn inflation. Fed Chair Jerome Powell commented after the decision that a soft landing for the economy was still possible, but not his baseline scenario.
/ESZ23 (Dec 2023): YVAH 4507 YPOC 4500 YVAL 4477 GAP 4444.25
/ES Plan: Yesterday market closed bearish, and overnight continues on that way, moving below previous value/range, so these're the opening and initial balance options for today:
