GBPUSD Technical Analysis - The bias is turning bearish ...Middle East

USDThe Fed left interest rates unchanged as expected at the last meeting with a shift in the statement that indicated the end of the tightening cycle. The Summary of Economic Projections showed a downward revision to Growth and Core PCE in 2024 while the Unemployment Rate was left unchanged. Moreover, the Dot Plot was revised to show three rate cuts in 2024 compared to just two in the last projection. Fed Chair Powell didn't push back against the strong dovish pricing and even said that they are focused on not making the mistake of holding rates high for too long.The latest US PCE missed expectations across the board with the Core 6-month annualised rate falling below the Fed’s target at 1.

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GBPUSD Technical Analysis - The bias is turning bearish ...Middle East

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