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TheoTraders cautiously await the big news announcement by the FOMC on Wednesday. Will the Fed use words or actions to try and control the markets next move. Around the world negative interest rate policy (ZIRP) has flooded markets with liquidity. In the United States will the Fed put a positive spin on recent unemployment numbers that shows the US economy near full employment as a catalyst to increase rates? Or will the look at the darker side of the report that shows millions dropping out of the workforce? In tonight’s video let’s review the major sectors of the market and see what the charts are telling us going into tomorrow.
