FED: The next interest rate hike will depend on the latest economic data

Wall Street went slightly up on Wednesday

Yesterday, among the three major US indexes, only the Dow Jones closed in the negative. 

The S&P 500 finished at +0.14%, the Nasdaq ended the trading session at +0.40% and the Dow Jones closed at -0.18%.

The investors’ sentiment remains neutral, as indicated in the graph below:

Sentiment indicator – Fear & Greed Index

The market sentiment is 45, in “Neutral” mode, however, it is approaching the Fear mode.

No decision on the interest rates yet

Federal Reserve chairman, Jerome Powell, yesterday completed his two days of testimony regarding the monetary policy.

Mr Powell said that at the moment no decision has been made on interest rates and he will keep different options open until the publication of the latest economic data, especially the ones about the labour market, which is particularly strong.

The next Fed meeting will be on 22 March.

What to watch today

The US initial jobless claims (for the week of 4 March) are going to be released today at 13:30 GMT.

The data is expected to be 195,000 up from the previous week of 190,000.

Markets will continue to be volatile today, due to these events.

Portfolio update

I am currently neutral and cautious about the stock market.

I hold long and short stock positions and aim to profit regardless of the market direction.

If you are already copying my portfolio, please keep the copy open.

If you are thinking of copying me, now could be the right time, if you can invest for the long term (years).

Remember to copy the open trades to optimize the copy.

Remember to set the stop loss on the copy at the minimum level, so you don’t get stopped if there is a correction.

Thank you, everyone. Have a nice day!

Steps to follow to copy my portfolio automatically:

1. Create an eToro account here: https://federicamontella.com/go/etoro/

2. Verify your account and make a deposit of at least 200 USD (you can deposit in any currency, like GBP and EUR)

3. Go to my profile page: https://federicamontella.com/go/etoro-passionforprofit/

4. Start the copy (copy open trades and set the lowest stop loss possible, to allow some movement)

5. Enjoy, it’s all automatic. You will make passive income 24/7

Let me know if you have any questions.

 

Federica Montella

eToro Popular Investor

 

Follow me on social media

LinkedIn

Facebook

Twitter

Instagram

YouTube

eToro Disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

Crypto Investing Risk Warning

Crypto assets are highly volatile. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest.
This is a high-risk investment, and you should not expect to be protected if something goes wrong.

Read the full disclaimer

Sign up to receive my latest articles in your inbox

I agree that my data is used according to the privacy policy



Author: Federica Montella
eToro Popular Investor, food lover and blogger. Stock trader and Popular Investor at eToro. I am on a mission to find the best restaurants and food to eat.