Market Takes Off After FOMC
Mar 22, 2024
• 6
Min Read
“The most perfect technique is that which is not noticed at all.” — Pablo Casals
Good evening,
The focal point of this week’s trading was the March 19-20 meeting of the Federal Open Market Committee (FOMC). By now, the phrase “dot plot” has essentially become part of the public vernacular, and with markets once again correctly anticipating that the Fed would keep rates unchanged at 5.25%-5.5%, investors zeroed in on the dot plot and Summary Economic Projections (SEP) immediately after the rate decision was announced.
Markets had been apprehensive heading into the me...