Reported 7 months ago
The Federal Reserve (Fed) recently adjusted its interest rate forecast for this year, signaling only one rate cut instead of three, yet the stock market achieved record highs and bond yields continued to fall. Investors seem to believe they have a better grasp on future interest rates than the Fed. Despite the Fed's 'hawkish' stance, investors predict further rate cuts and remain confident as May's CPI report exceeded expectations, inspiring market confidence and leading to potential profit opportunities.
Source: YAHOO