From the dot plot, Powell's speech was flawless, hawkish and dovish. Originally, it was expected to cut interest rates twice this year, but now it is expected to cut interest rates only once.
As long as it does not fall below 67,500, there is still a chance to break upward.
The Fed admitted that it has made moderate progress on the 2% inflation target, but delayed the start of interest rate cuts.
The good news is that it is expected to reduce one rate cut this year, but it is expected to be four rate cuts next year instead of three. Looking forward to the market in the first quarter of next year
As long as it does not fall below 67,500, there is still a chance to break upward.
The Fed admitted that it has made moderate progress on the 2% inflation target, but delayed the start of interest rate cuts.
The good news is that it is expected to reduce one rate cut this year, but it is expected to be four rate cuts next year instead of three. Looking forward to the market in the first quarter of next year