đșđž SUMMARY OF FED DECISION (9/18/24):
đž Fed cuts interest rates by 50 bps for first time since 2020
đž Fed sees 2 more 25 basis point rate cuts in 2024
đž One Fed governor dissented for the first time since 2005 in favor of a 25 bps rate cut
đž Fed gained "greater confidence" that inflation is moving to 2%
đž Fed will "carefully asses incoming data" and evolve outlook
đž Fed sees 100 bps of rate cuts in 2025 and 50 bps of cuts in 2026
In short words overall FED speech đŹ is bullish for market . You can follow our 4 days ago shared fundamental analysis . To read it click here .
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