Latest FOMC Meeting Update and Livestream Discussion!

 LIVESTREAM
📉 Latest FOMC Meeting Update and Livestream Discussion! 📈

🏦 Interest Rates Hold Steady and Markets Soared
SP500 up 0.8% while Nasdaq up 1.15% after last night Powell decided to maintain the benchmark overnight borrowing rate at a range of 5.25%-5.5% after its latest two-day policy meeting.

🔮 Future Rate Cuts Anticipated
Officials project 3 reductions by the end of 2024, marking the first potential cuts since March 2020, the early days of the Covid pandemic.

These projections come from the Fed's "dot plot," a matrix of anonymous forecasts from the 19 FOMC officials, without specific timing details.

⏰ Timing of Cuts
While precise timing wasn't discussed, Powell remains optimistic about the projected cuts, contingent on supportive data.

💰 Balance Sheet Reduction in Focus
The Fed has been reducing its balance sheet through "quantitative tightening," allowing $60 billion in Treasurys and $35 billion in mortgage-backed securities to expire monthly without reinvestment. This policy has trimmed about $1.4 trillion from the Fed's holdings since June 2022.

Future decisions on the balance sheet reduction's extent and timing remain undecided.

📊 Economic Projections Brighten
GDP growth projections for this year have increased to a 2.1% annual rate, up from 1.4%.

The unemployment rate forecast has slightly decreased to 4%, with core inflation expected to rise to 2.6%, below the recent 2.8% level.

The outlook suggests that core inflation will meet the target by 2026, with gradual economic growth anticipated over the next two years.

👌 Stay tuned for Livestream tonight! I will bring on Ethan and together we will discuss the latest FOMC impact on Stock Market and Properties and Mortgage Rates.

I will share my market directions going forward 

Livestream 🔗 https://rebrand.ly/fomc21mar