Reported 8 months ago
The Federal Reserve's dot plot chart indicates only one interest rate cut this year, with a less hawkish stance having little impact on the stock market. Last week's US Consumer Price Index (CPI) showed a 3.3% year-on-year increase, lower than expected, with no growth on a monthly basis. Core CPI, a key focus for the Fed, also fell below market expectations. Despite maintaining rates unchanged in the Federal Open Market Committee meeting as predicted, the median forecast in the dot plot suggests a decrease from two to one rate cut this year. Factors such as progress in inflation and questioning of employment data authenticity by Fed Chair Powell suggest a potential future rate cut. Global stock markets hit historic highs.
Source: YAHOO