FOMC Maintains Dot-Plot as S&P 500 Surges Above 5,200

Wednesday, 20 March 2024, 20:59

The Federal Open Market Committee (FOMC) held its ground on the dot-plot projections despite increased expectations for growth and inflation. In response, the S&P 500 index hit a milestone by surpassing the 5,200 mark while bond yields experienced a decline. Additionally, a notable surge in risk appetite among money managers was highlighted, reaching a peak not seen in the past two years.

https://store.livarava.com/c07cd2fc-e70c-11ee-968d-5254a2021b2b.jpe — FOMC Maintains Dot-Plot as S&P 500 Surges Above 5,200

Wall Street Update

The Federal Open Market Committee (FOMC) decided to maintain its dot-plot projections despite heightened inflation forecasts and stronger economic growth expectations. The S&P 500 index managed to break through the significant 5,200 level while bond yields saw a decrease in response. Notably, money managers showed an increased risk appetite that reached a two-year high.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Wall Street Update

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