Investment Diary (By Joe Pong Wealth)
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🏆 Recording Wealth Accumulation Journey Together
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🌟 What to Expect Tonight: Fed Decision 🌟
🔄 Fed's likely shift: Easing off aggressive rate hikes, focusing on future strategy.
📈 Updates ahead on economic growth, inflation, and unemployment; Powell's post-meeting briefing.
📉 Market bets on rate cuts starting May 2024, with gradual decreases expected.
🏦 Wall Street's take: A cautious approach predicted by strategists and economists.
Forwarded from MarketWise Asia
Breaking News: Federal Reserve leaves rates unchanged FOMC median forecast shows 75bps of rate cuts in 2024 to 4.6%