News about Wall Street, Fed

Stocks soar post-Fed & US data, while yen strengthens. 📈💹 #StockMarket #Fed #USdata www.zeebiz.com/markets/global-markets/news-us-stock-market-today-federal-reserve-yen-live-news-287892

#Fed Chair says that after starting #2024 with 3 months of faster-than-expected hikes, it "will take longer than previously expected" for policymakers to become comfortable that inflation will resume the decline towards 2% Read more here 📖 www.zeebiz.com/economy-infra/world-economy/news-fed-leaves-rates-unchanged-flags-lack-of-further-progress-on-inflation-287662 #FOMC…

B of A: “.. our estimate of underlying inflation supports the Fed’s wait-and-see stance. .. it has leveled out and is moving sideways, but does not point to reacceleration. Underlying inflation needs to trend lower to bring rate cuts into focus. Overall, we retain our view for a… pic.twitter.com/L7GjZ7y9S1

BNP PARIBAS: “.. we viewed the press conference as unequivocally dovish. .. Perhaps the key message from Powell was that the next move is ‘unlikely’ to be a rate hike.” #FOMC pic.twitter.com/p3HYdjwri3