Federal Reserve’s 'dot plot' still shows three 0.25% rate cuts this year

France Nouvelles Nouvelles

Federal Reserve’s 'dot plot' still shows three 0.25% rate cuts this year
France Dernières Nouvelles,France Actualités
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Investor’s long-awaited update regarding the Federal Reserve’s plan to cut its benchmark interest rate is finally over, and financial markets overwhelmingly welcomed what the Fed revealed today.

Overwhelmingly, market participants breathed a sigh of relief when the SEP revealed that the Fed had not changed its outlook. The Fed’s rate cut projections still anticipate taking the benchmark rate to 4.6% by the end of 2024. Gold investors and traders immediately bid the precious yellow metal higher, taking gold futures within striking distance of its new record high of $2203 per ounce.

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France Dernières Nouvelles, France Actualités

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