US market outlook: Continuing the trend after FOMC the day before, the Dow average started lower at $108.65

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Blind spot in “US economy that is too strong” Fed risks even outside of defensive range
The focus of US monetary tightening has shifted from reaching policy interest rates to the duration of high interest rates. The US Federal Reserve (Fed) shows confidence in a soft landing that suppresses inflation while avoiding drastic deterioration in the economy, but turbulence factors outside the defensive range, such as automobile industry strikes and high crude oil prices, are also smoldering. The US economy, which is too strong, is also fraught with the risk of being tightened too much.

There is a possibility that the FRB will need to continue raising interest rates - Mr. Dimon of JP Morgan
Chief Executive Officer Jamie Dimon (CEO) of JPMorgan Chase expressed the view on the 20th that it may be necessary to continue raising policy interest rates over the next few months in order to suppress sustained high inflation with respect to the US financial authorities.

[FOMC Conference Summary] Hawks remain unchanged, rice stocks continue to fall, 2-year bond yields are at a high level for the first time in 17 years, yen updated to a low since the beginning of the year
The US Federal Open Market Committee (FOMC) on the 20th was taken as having strong “hawkish” content that is aggressive about financial tightening. The policy interest rate of 5.25 to 5.50%, which was a high level for the first time in 22 years, was left unchanged for the first time in 2 meetings, as predicted beforehand. What surprised market participants was the policy interest rate forecast for the end of 2024, which was announced at the same time.

Don't really accept the Fed's interest rate forecast
I think the US Federal Reserve (Fed) interest rate forecast is too high. The Fed's monetary policy makers decided to leave the federal fund (FF) interest rate guidance target range unchanged on the 20th, which was not surprising. What was surprising was the Fed's prediction for next year

Amazon promotes the introduction of AI into hardware
paddy $Amazon(AMZN.US)$is in a situation where it is impossible to say that it is withdrawing from the hardware business. As a matter of fact, it seems that the commitment to the voice assistant “Alexa” has even strengthened slightly.