{"id":20739,"date":"2024-12-18T13:29:21","date_gmt":"2024-12-18T21:29:21","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20739"},"modified":"2024-12-18T13:29:21","modified_gmt":"2024-12-18T21:29:21","slug":"post-fomc-moves-markets-react-to-rate-cut-and-outlook","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/post-fomc-moves-markets-react-to-rate-cut-and-outlook\/","title":{"rendered":"Post-FOMC Moves: Markets React to Rate Cut and Outlook"},"content":{"rendered":"\n\n\n
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Pass the Knowledge – Feel Free to Forward to a Friend!<\/p>\n

Join our\u00a0Private Facebook group<\/a><\/p>\n

Subscribe to our\u00a0YouTube Channel<\/a><\/p>\n

Listen to our podcast: Subscribe on\u00a0Apple<\/a>,\u00a0Spotif<\/a>y,\u00a0Amazon<\/a>,\u00a0or wherever you listen to podcasts!<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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The Day After FOMC – What will the Markets Do?<\/h3>\n

By Mark O’Brien, Senior Broker<\/p>\n

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General:<\/p>\n

The Federal Reserve lowered interest rates by a quarter percentage point today, lowering the Fed\u2019s benchmark federal-funds rate to a range between 4.25% and 4.5%, a two-year low.<\/p>\n

“Today was a closer call but we decided it was the right call,” Powell told reporters at its post-announcement press conference. “It was the best decision to foster achievement of both of our goals,” referring to price stability and maximum employment.<\/p>\n

The Fed cut rates at its two previous meetings, beginning with a half-percentage-point reduction in September and a quarter-point cut last month.<\/p>\n

The Federal Reserve downgraded its view of how inflation will progress next year.\u00a0 Back in September officials had penciled in around four cuts next year.\u00a0 New projections released Wednesday show officials expect to make fewer rate reductions next year.\u00a0 Most penciled in two cuts for 2025 if the economy grows steadily and inflation continues to decline.<\/p>\n

Stock Indexes:<\/p>\n

The Dec. E-mini Dow Jones futures contract and its related cash index are approaching a fifty-year record with today\u2019s sell-off capping a 10-day losing streak \u2013 its worst since an 11-day slide in 1974.\u00a0 Despite the streak, the Dow sits roughly 5% from an all-time high.<\/p>\n

Stock index futures across the board sold off after the announcement.\u00a0 The Dec. E-mini S&P 500 has fallen \u00b1160 points \/ \u00b1 2.6% as of this typing, moving further away from its all-time closing high 6096.75 on Dec. 4.<\/p>\n

Crypto:<\/p>\n

After trading intraday yesterday to yet another all-time high of 108,960, December Bitcoin futures have fallen \u00b18000 points below 10100 late this session.<\/p>\n

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Daily Chart of the mini SP500 below:<\/p>\n

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Daily Levels for December 19, 2024<\/strong><\/h3>\n

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Economic Reports<\/strong><\/h3>\n
provided by:\u00a0<\/a>ForexFactory.com<\/a><\/em><\/div>\n
All times are Eastern Time ( New York)<\/em><\/div>\n
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Good Trading!<\/div>\n
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About:\u00a0Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.<\/div>\n
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Pass the Knowledge – Feel Free to Forward to a Friend! Join our\u00a0Private Facebook group Subscribe to our\u00a0YouTube Channel Listen to our podcast: Subscribe on\u00a0Apple,\u00a0Spotify,\u00a0Amazon,\u00a0or wherever you listen to podcasts! The Day After FOMC – What will the Markets Do? By Mark O’Brien, Senior Broker   General: The Federal Reserve lowered interest rates by a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1434,231,76,230,1491,67,61,235,344],"tags":[],"class_list":["post-20739","post","type-post","status-publish","format-standard","hentry","category-charts-indicators","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-e-mini-futures","category-future-trading-news","category-futures-trading-2","category-index-futures","category-indices"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=20739"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20739\/revisions"}],"predecessor-version":[{"id":20741,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20739\/revisions\/20741"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}