Reported 7 months ago
The Federal Reserve's decision to hold its key rate and lack of clear guidance on future rate cuts led to uncertainty in the markets, with investors previously expecting multiple rate cuts. Despite the mixed reactions, major indexes like the S&P 500, Nasdaq Composite, and Nasdaq 100 closed at records, while the Dow Jones Industrial Average saw a slight drop. The Federal Reserve aims for inflation to gradually decrease towards 2%, with projections suggesting it may take until the end of 2024 or 2025. The market's overbought status and the upcoming Producer Price Index report indicate that stock market volatility may continue.
Source: YAHOO