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Sumanth.base.eth
@sumanth
Bad News After Rate Adjustmentš„ According to analyst Saraiva: - The Fed's forecast for next year will be more hawkish than expected. Currently, the average forecast of Fed officials is only two rate cuts next year. Most people predict three. - The PCE and core PCE inflation indexes are also forecast to increase compared to the initial forecast That's why the three major US stock indexes are down in the short term. Dow Jones is down 0.38%, S&P 500 is down 0.56%, Nasdaq is down 0.64% BTC and gold are also down with Stocks. Let's look forward to Powell in 15-30 minutes
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