[Altos Weekly Traders Edge] Fed Chair's Projections for 2024...Details Inside

Sponsors The rumor mill is swirling Some people are speculating that a guy his age must be using artificial intelligence to find [these daily trade ideas](. But he is NOT using artificial intelligence to find the ideas that he gives away for free inside of every issue of my ["Trade Of The Day" alerts](. Fact is, he has been digging up daily trade ideas for decades now. And he won 10 trading championships before "A.I." was even a thing. [Go here to get the next "Trade Of The Day" email at no cost and decide for yourself.]( By clicking the link above you agree to periodic updates from ProsperityPub and its partners ([privacy policy]( Powell’s Projections: the U.S. Economy in an Election Year Weekly Market Overview Hi Traders, As the United States moves through a politically charged year, all eyes are on Federal Reserve Chair Jerome Powell. His upcoming testimony before U.S. lawmakers is poised to shed light on the current economic landscape, the trajectory of interest rates, and the persistent challenge of inflation. Amidst a backdrop of low unemployment and inflation rates inching closer to the Fed’s 2% target, Powell’s words carry the weight of potential policy shifts that could ripple through the economy. The Federal Reserve, under Powell’s stewardship, has held the policy rate steady since July. This period of stability, however, has been juxtaposed with easing financial conditions and a surge in asset prices, complicating the Fed’s inflation-containment efforts. The mixed economic signals have led to a cautious approach, with Powell preparing for possible rate cuts while underscoring the importance of prudence. The anticipation of Powell’s testimony is palpable, as it is expected to provide clues about the timing of rate reductions. The consensus points to June, but the uncertainty of economic indicators leaves room for speculation. The recent data presents a dichotomy of positive signs and lingering concerns, hinting that the Fed may opt for a more conservative path with fewer and delayed rate cuts. This cautious stance is reflective of the broader economic uncertainties that have characterized the year. Persistent inflation in certain sectors continues to pose a challenge, despite overall progress towards the Fed’s inflation goals. Powell’s emphasis on the need for caution is a testament to the delicate balance the Fed seeks to maintain as it navigates through these uncertain waters. The implications of the Fed’s monetary policy decisions extend beyond the economy; they have the potential to shape the political landscape in an election year. The outcome of Powell’s deliberations and the subsequent actions of the Fed could influence the conditions under which the presidential election will unfold. As such, Powell’s testimony is not just an economic update; it is a pivotal moment that could define the political and economic narrative for the year ahead. To cap it off, Jerome Powell’s forthcoming testimony is a critical event that will offer insights into the Fed’s assessment of the economy, its plans for interest rates, and its strategy to combat inflation. With the potential to sway both economic and political tides, Powell’s words will be scrutinized for their far-reaching implications. As the nation holds its breath, the testimony stands as a key indicator of the economic direction the United States will take in a year marked by political sensitivity and economic complexity. - The Team at Altos Trading Sponsor [The ONLY Way to Play Markets Like These]( Warren Buffett said, "Price is what you pay... value is what you get." The best investor in the world knows the only way to prosper (especially in markets like these)... is to invest in VALUE. 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This week our topics were... - Market Overview - Mapping Out Key Levels - Review 36-Month MA - Current Market Signals - Share Your Favorite Symbol! - Ticker Q&A Roundtable [CLICK HERE TO WATCH THE FREE REPLAY]( Sponsor [New Customers earn 5.25% APY* (variable)]( Store your money with Cash Reserve, a high-yield account built for peace of mind. New customers earn 5.25% variable APY*—that’s 13x higher than the national savings rate. ** Plus, your money’s FDIC-insured up to $2M†at our program banks and no limits on withdrawals and transfers. **The national average savings account interest rate is reported by the FDIC (as of 5/15/23) as the average annual percentage yield (APY) for savings accounts with deposits under $100,000. [Sign Up Now!]( Disclaimer: The Altos Trading Alert Newsletter is published as an information service for subscribers, and it includes opinions as to buying, selling and holding various stocks and other securities. However, the publishers of the Altos Trading Alert Newsletter are not brokers or investment advisers, and do not provide investment advice or recommendations directed to any particular subscriber or in view of the particular circumstances of any particular person. Altos Trading, including its owner, does not participate in any trades issued through the alert services. Subscribers to Altos Trading or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so. Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade securities and options, and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations. Due to the time critical nature of trading, brokerage fees, and the activity of other subscribers, there is no guarantee that subscribers will mirror the performance of the service. Performance numbers shown are based on trades subscribers could enter based on the trade alerts. Altos Trading, LLC assumes no responsibility for any losses incurred by any individual or entity as a result of trade alerts or strategies taught through courses or coaching services. 7154 W State Street Suite 169 Boise Idaho 83714 USA Disclaimer: The Altos Trading Alert Newsletter is published as an information service for subscribers, and it includes opinions as to buying, selling and holding various stocks and other securities. However, the publishers of the Altos Trading Alert Newsletter are not brokers or investment advisers, and do not provide investment advice or recommendations directed to any particular subscriber or in view of the particular circumstances of any particular person. Altos Trading, including its owner, does not participate in any trades issued through the alert services. Subscribers to Altos Trading or any other persons who buy, sell or hold securities should do so with caution and consult with a broker or investment adviser before doing so. Trading securities and options involves risk. Prior to buying or selling an option, an investor must receive a copy of Characteristics and Risks of Standardized Options. Investors need a broker to trade securities and options, and must meet suitability requirements. Past results are not necessarily indicative of future performance. Performance figures are based on actual recommendations. Due to the time critical nature of trading, brokerage fees, and the activity of other subscribers, there is no guarantee that subscribers will mirror the performance of the service. Performance numbers shown are based on trades subscribers could enter based on the trade alerts. Altos Trading, LLC assumes no responsibility for any losses incurred by any individual or entity as a result of trade alerts or strategies taught through courses or coaching services. 7154 W State Street Suite 169 Boise Idaho 83714 USA [Unsubscribe]( | [Change Subscriber Options](