Episode 820: The DC Today - Wednesday, March 20, 2024
The Fed left rates unchanged, which was expected, but more importantly, left their dot plot chart unchanged as well
The Fed left rates unchanged, which was expected, but more importantly, left their dot plot chart unchanged as well
Today's Post - https://bahnsen.co/43pRAau
Generally, a pretty market-friendly statement from the Fed, with some upgrading on the economy with GDP estimates moving up from 1.4% to 2.0%, they lowered their unemployment rate forecasts from 4.1% to 4% and raised the Core PCE forecasts by two-tenths to 2.6% for the year (and we are already at 2.8% now mind you).
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
Brian Szytel is the Deputy Managing Partner and Co-CIO of The Bahnsen Group.
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