In the lead up to Wednesday’s Federal Reserve announcements, there was anticipation that it could be a significant moment for a market shift. Investors were optimistic after seeing the inflation data just an hour before the US markets opened, but things did not unfold as expected. Thirty minutes before Powell’s speech, the interest rate decision and the three-year rate forecasts of the members were made public. The dot plot indicated a median projection of a 25 basis point cut for 2024. Stay updated on the latest technology news by accessing NEWSLINKER.
