US Market Review: Top Sectors to invest!
@JC888:
Q1 2024 Ending. As we head into last week of March - incidentally end Q1 2024; let’s review what have transpired in the week of March 18 to 22. The most important event of the week was US central bank’s Federal Open Market Committee (FOMC) meeting on Mar 19-20, to “finalize” US monetary policy’s direction. 2024 FOMC - 2nd Meeting Summary. As expected, US central bank kept interest status quo (5.25% - 5.5%). It released an updated "dot plot" with 3 rate cuts (still) expected in 2024. US Federal Reserves - latest Dot Plot FOMC sees the fed funds rate gradually heading to 3.1% by 2026, indicating that 2024 is likely the start of a multiyear rate-cutting cycle. (see above) *Note: This was slightly higher than December dot plot, that showed fed funds rate falling to 2.9% in 2026. Fed’s chair Mr