Status Quo

As usual, the Fed says they need to see more evidence before they can initiate the first rate cut - this is not a surprise for the market.

The forecast number of rate cuts remains at 3 - that’s status quo.

Interest rates is still the same as the past few months.

And because there’s no surprise from Powell and team, S&P500 charged towards another all time high yesterday.

The rally continues, for now

Warning: Hot Inflation + FOMC Meeting

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