SPY - Wall Street Lunch: Fed Not Spooked By Recent Inflation
2024-03-20 16:59:00 ET
Summary
- The Federal Reserve keeps interest rates unchanged and sticks with three projected rate cuts in 2024 despite higher growth and inflation forecasts.
- Stock and bond markets react positively to the Fed's decision, with the S&P 500 reaching a new record high.
- Risk appetite for money managers reaches the highest level since November 2021.
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The FOMC kept its dot-plot steady despite higher growth and inflation forecasts. (0:15) The S&P 500 closes above 5,200 as yields fell. (0:27) Money manager risk appetite at 2-year high. (4:55)...
Wall Street Lunch: Fed Not Spooked By Recent Inflation