🇺🇸 SUMMARY OF FED DECISION (9/18/24):

🔸 Fed cuts interest rates by 50 bps for first time since 2020

🔸 Fed sees 2 more 25 basis point rate cuts in 2024

🔸 One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut

🔸 Fed gained "greater confidence" that inflation is moving to 2%

🔸 Fed will "carefully asses incoming data" and evolve outlook

🔸 Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026

In short words overall FED speech 💬 is bullish for market . You can follow our 4 days ago shared fundamental analysis . To read it click here .

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