Description
⋅ US FED Update:
Fed leaves rates unchanged for third straight meeting which was on expected line (Little bit of relief for the anxious ones). (Neutral to Positive)
Fed accepts that growth of economy "has slowed" since Q3 2023. (Neutral)
Fed says they are committed to bring down inflation to 2%. (Neutral to Positive)
Most Fed officials see interest rate cuts in 2024.(Positive)
Median projection shows 3 rate cuts in 2024 (Positive).
Overall it will give steroid dose to Global/Indian Markets.🚀🚀🚀. #FOMC #Powell