IWM - Preview On The FOMC's January Rate Decision

2024-01-25 17:03:16 ET

Summary

• The Federal Open Market Committee will meet next week to discuss monetary policy, but investors are dismissing the interest rate decision.
• Markets are not concerned as companies like Meta Platforms, Microsoft, and Apple are flying high and lifting the markets. All three happen to report earnings next week as well.
• Investors should look for the magnitude of rate cuts in 2024, the timing of the first rate cut, and the implications of a rate cut.

Next week, on Jan. 30-31, 2024, The Federal Open Market Committee will meet to discuss and announce its monetary policy. Fortunately, investors have the luxury of dismissing the FOMC's interest rate decision. The S&P 500 ( SP500 ) traded above its 2021-22 peak, to 4,875, at the time of this article's submission. Still, companies like Meta Platforms ( META ), which crossed the $1 trillion market capitalization level, Microsoft ( MSFT ) at over $3 trillion, and Apple ( AAPL ) at $3.03 trillion in market cap are skewing the index....

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