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Emergency Action by Fed Takes Traders by Surprise

https://thegoldforecast.com/video/emergency-fed-action-takes-traders-surprise

The chairman also said that he believes “that our action will provide a meaningful boost to the economy.”

However, market participants, traders and investors were not so convinced. That proof is in the fact that U.S. equities were trading higher prior to Jerome Powell’s press conference and then began to selloff as he made his announcement and the rationale behind it.