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financialnews

Founder And CEO Of F... • 6m

"Fed Meeting Insights, Bitcoin Hits Record High, and Chinese Economic Data Shake Global Markets" Wall Street Holds Steady Ahead of Fed Meeting, Bitcoin Hits Record High, and Mixed Chinese Data Spurs Stimulus Hopes 1. Federal Reserve Poised for Rate Cuts but Signals Caution The Federal Reserve’s final meeting of 2024 is set to dominate market attention this week, with a widely anticipated 25-basis-point rate cut on Wednesday marking the third consecutive reduction. While the cut is already priced in, investors are eagerly awaiting the Fed’s updated economic projections, which could provide hints about the pace of rate adjustments in 2025. Goldman Sachs expects the Fed to signal a more cautious approach to cuts, potentially holding rates steady in January before resuming reductions in March, June, and September. The terminal rate for this cycle is now projected to range between 3.5% and 3.75%, slightly higher than prior forecast... if you want to know more click 👇 below the link

https://financialnews24.com/headline_post.php?id=214&title=%22Fed%20Meeting%20Insights%2C%20Bitcoin%20Hits%20Record%20High%2C%20and%20Chinese%20Economic%20Data%20Shake%20Global%20Markets%22

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