π π 3 Rate Cuts Expected in 2024 as Investors Remain Bullish
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Happy Wednesday all, A pretty big week in finance with another Fed Meeting and the Reddit IPO! We got some really good news out of the Fed earlier today with 3 expected rate cuts to round off the year. The meeting was pretty standard for the most part, with Jerome Powell putting us in an optimistic hold pattern for the rest of year. He ruled out raising rates for 2024, so now weβre just waiting for more positive-trending economic data in order for the Fed to cut rates. His comments were mostly dovish. The market was happy about the comments as the S&P 500 closed about +0.90% today.
π π 3 Rate Cuts Expected in 2024 as Investors Remain Bullish
π π 3 Rate Cuts Expected in 2024 asβ¦
π π 3 Rate Cuts Expected in 2024 as Investors Remain Bullish
Happy Wednesday all, A pretty big week in finance with another Fed Meeting and the Reddit IPO! We got some really good news out of the Fed earlier today with 3 expected rate cuts to round off the year. The meeting was pretty standard for the most part, with Jerome Powell putting us in an optimistic hold pattern for the rest of year. He ruled out raising rates for 2024, so now weβre just waiting for more positive-trending economic data in order for the Fed to cut rates. His comments were mostly dovish. The market was happy about the comments as the S&P 500 closed about +0.90% today.