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April 29, 2023 | Tech Talk for Saturday April 29th 2023

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line


Focuses this week are on FOMC’s decisions on monetary policy released on Wednesday. Consensus calls for a 0.25% increase in the Fed Fund Rate to 5.00%-5.25%. Of greater importance is guidance offered on the Committee on future changes to the Rate. The latest economic data point, March core PCE Price Index released on Friday, was “less friendly” to an early reduction in the Fed Fund Rate in 2023. The FOMC likely will “peg” the Fed Fund Rate at the higher rate and will caution that a lowering of the rate is unlikely to occur any time soon.

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April 29th, 2023

Posted In: Tech Talk

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