The Fed laid out its forecasting for decreases in Fed funds rate through 2027. I think this brings a certain degree of comfort to the market that there is a roadmap to lower interest rates. The result was a positive movement in the S&P 500 daily chart. The expectation is for follow-through to the upside on Thursday but not a large move.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.