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....
Read the full article on Seeking Alpha
For further details see:
Preview On The FOMC's January Rate Decision