Speculation had been building for days that the Federal Reserve’s announcements on Wednesday could be a significant turning point. Investors were optimistic, especially after receiving inflation data just an hour before the US markets opened. However, things did not unfold as anticipated.
Thirty minutes before Federal Reserve Chair Jerome Powell’s statements, the interest rate decision and members’ forecasts for rates over the next three years were made public. The dot plot revealed a median expectation of a 25 basis point cut in 2024. Stay updated with the latest technology news by accessing NEWSLINKER.
