The Federal Reserve signals a maximum of one interest rate cut this year, contrary to market expectations of three. Despite positive inflation data, the Fed views inflation as high, modestly progressing towards the 2% target. The economy is projected to grow at 2% with 4.1% unemployment. Wall Street remains optimistic despite the Fed's hesitance to lower rates, due to a perceived slowdown in price growth. Apple's AI integration announcement has increased its value, while Nvidia is in close competition with Microsoft.
Continue to full article
Leave a Reply