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(Z2) Key Resistance Is At The 50-Day EMA

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FED
  • Q: What is your definition of recession?
  • A: The Fed doesn't make a judgment on that... we'll look at the data tomorrow very carefully and draw whatever implications we can. A recession is a broad based decline across many industries that sustain for more than a couple months and there are a bunch of specific tests. This doesn't seem like that now. The labor market is just sending such a strong signal of economic strength that it makes you really question the GDP data. Again, we won't reach a conclusion one way or another on that.

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