Fed 'Dots' Signal Major Dovish Pivot For Election Year
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The Dow Jones Industrial Average (DJIA) is advancing on Wednesday, improbable as it seems.
Fed expected to announce interest rate decision this Wed. Markets expect rates to settle 5.25-5.50%. FOMC will release economic projections, dot plot, & revisiting Sept. projections. Sept. projections showed 2.5% PCE inflation in 2024, 1.5% economic expansion in 2024.
The S&P 500 index launched itself just barely to a new high for the year on Monday.
The USD/JPY has pared back the majority of losses from last week’s Bank of Japan (BoJ)-fueled plunge, pulling back from four-month lows below 142.00 to aim squarely at the 147.00 handle.