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USMC - The Fed Is Signaling That It Really Wants To Cut Rates
Principal U.S. Mega-Cap Multi-Factor Index ETF
2024-03-22 01:10:00 ET
Summary
The Federal Open Market Committee (FOMC) chose to keep the benchmark policy rate at 5.25%-5.50%.
The latest dot plot revealed the committee continues to expect 75 basis points of cuts this year.
The Fed did not make any announcements with regards the balance sheet, but noted that they will likely begin to slow quantitative tightening fairly soon.
By Seema Shah, Chief Global Strategist
To no-one’s surprise, the Federal Open Market Committee (FOMC) chose to keep the benchmark policy rate at 5.25%-5.50% on March 20th....