2:15 p.m. New York time
My positions remain within their profit zones following the Federal Open Market Committee’s decision to leave the target Federal Funds rate unchanged, at 2.25 to 2.5%.
I note that the overall FOMC projections (top chart) released this afternoon show, compared to December’s projections, lower GDP growth, higher unemployment and lower inflation. The look-ahead has grown less optimistic in the past six months.
By Tim Bovee, Portland, Oregon, June 19, 2019
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
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