HomeInvestingETFsFOMC In December: Stocks Could Get Higher As U.S. Dollar Weakens
FOMC In December: Stocks Could Get Higher As U.S. Dollar Weakens

"Will there be a 50BPS interest rate hike for FOMC in December? And will the Federal Reserve continue to be data dependent? Stocks are likely to trade higher at the end of the year as the U.S. Dollar price weakens. Dow Jones had a great month in October 2022. UDN is a bearish U.S. Dollar ETF, while UP takes a bullish stance. Both track the DXY. If the U.S. Dollar pulls back, I could see interest rates pulling back as well. Each central bank needs to examined separately," says Joe Perry.

Futures

02 Nov 2022

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