HOOD - Affirm and Robinhood Stocks Gain Ahead Of Today's Fed Meeting | Benzinga
Affirm Holdings Inc (NASDAQ:AFRM) and Robinhood Markets Inc (NASDAQ:HOOD) shares are trading higher ahead of today’s Federal Open Market Committee (FOMC) meeting. Although the policy-meeting statement is anticipated to maintain current interest rates, investors are eagerly awaiting the release of the Federal Reserve’s “dot plot” and updated Summary of Economic Projections (SEP) for further insight into future monetary policy.
The upcoming March release is crucial for markets, as it may signal whether the Fed plans fewer rate cuts. Changes in the dot plot could affect asset prices, with fewer rate cuts potentially boosting rates and the dollar, while unchanged or dovish projections may strengthen market sentiment.
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