The full FOMC statement for March 2023. Hikes by 25 bps

The U.S. banking system is sound and resilient. Recent developments are likely to result in tighter credit conditions for households and businesses and to weigh on economic activity, hiring, and inflation. The extent of these effects is uncertain. The Committee remains highly attentive to inflation risks.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 4-3/4 to 5 percent. The Committee will closely monitor incoming information and assess the implications for monetary policy. The Committee anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2 percent over time. In determining the extent of future increases in the target range, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in its previously announced plans. The Committee is strongly committed to returning inflation to its 2 percent objective.

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee’s goals. The Committee’s assessments will take into account a wide range of information, including readings on labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michael S. Barr; Michelle W. Bowman; Lisa D. Cook; Austan D. Goolsbee; Patrick Harker; Philip N. Jefferson; Neel Kashkari; Lorie K. Logan; and Christopher J. Waller.

The Importance of Gut Hunches in Trading -#AnirudhSethi

Gut hunches, also known as intuition, play an important role in trading. Trading is a highly analytical and data-driven activity, but there are certain market situations where traditional analysis and data may not provide sufficient insight to make a confident trade decision. In such cases, gut hunches can be invaluable.

Gut hunches are the result of the subconscious mind processing vast amounts of information, experience, and intuition. The subconscious mind can pick up on subtle signals and patterns that the conscious mind may not be aware of. This makes gut hunches a powerful tool in trading because they can provide insight that traditional analysis and data may not reveal.

Gut hunches are especially important in high-pressure trading situations, such as when a trader is under pressure to make a quick decision in a rapidly changing market. In such situations, a trader’s gut hunch can provide a valuable sense of direction and confidence.

However, it is important to note that gut hunches should not be the sole basis for making trading decisions. Gut hunches should be used in conjunction with traditional analysis and data to make a well-rounded decision.

Traders should also be aware of their own biases and emotions when relying on gut hunches. Emotions can cloud judgment, and traders should take steps to ensure that they are making decisions based on objective information, even when relying on their intuition.

In conclusion, gut hunches play an important role in trading. They can provide valuable insight and confidence in situations where traditional analysis and data may not be sufficient. However, gut hunches should be used in conjunction with traditional analysis and data, and traders should be aware of their own biases and emotions when relying on their intuition.

Turning Goals Into Consistent Habit Patterns – #AnirudhSethi

In the world of trading, turning goals into consistent habit patterns is essential for success. Many traders set ambitious goals for themselves, such as achieving a certain level of profitability or consistently beating the market. However, without the right habits in place, these goals can remain out of reach.

One of the key habits for successful traders is discipline. This means sticking to a well-defined trading plan, even when emotions are running high. It also means maintaining a consistent approach to risk management, so that losses are minimized and profits are maximized over the long term.

Another important habit is continuous learning. The world of trading is constantly evolving, with new strategies and technologies emerging all the time. Traders who are committed to staying up-to-date and expanding their knowledge base are more likely to achieve long-term success than those who rely on outdated methods.

Finally, successful traders prioritize self-care. This means taking breaks when needed, getting enough sleep, and maintaining a healthy work-life balance. Trading can be a stressful and demanding profession, and traders who neglect their own wellbeing are more likely to experience burnout and make costly mistakes.

Overall, turning goals into consistent habit patterns is essential for success in trading. By cultivating discipline, continuous learning, and self-care, traders can set themselves up for long-term success and achieve their most ambitious goals.

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