Fed's Rate Cut Forecast for 2024 Spurs Market Optimism, Pushing S&P 500 Past 5,200 Amid Falling Yields🤑🤭🙌📈
Powell's Job Is Done.
Key Takeaway
🤑Fed's forecast of three rate cuts in 2024 boosts stocks, with S&P 500 hitting 5,200 and Nasdaq up by 1%.
🤑Market analysts view Fed's announcement as dovish, predicting benefits for high-quality fixed income bonds and possible rate cuts by June.
🤑Despite higher inflation forecasts, the Fed's nuanced policy s...