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...

The Federal Open Market Committee is again widely anticipated to maintain the current range of its federal funds rate target between 5.25% and 5.5%. Investors will focus on the Summary of Economic Projections and dot plots released at this meeting.
The statement from the Federal Open Market Committee is expected to be released at 2 pm Eastern Time on Wednesday, after the end of their two-day meeti...