Reported about 1 year ago
According to Bloomberg's Markets Live Pulse survey, investors are no longer worried about a hawkish Federal Reserve as slower inflation indicates a soft landing scenario. Over half of respondents believe the S&P 500 rally will continue in 2024 regardless of the Fed's actions, and 62% predict a second consecutive annual gain for Treasuries. The market surged prior to the Fed announcement as inflation data showed a greater slowdown than anticipated in May, leading traders to bet on two rate cuts this year despite the Fed's adjusted projection of only one cut for 2024.
Source: YAHOO