SPDR S&P 500 (SPY): Fed decision tomorrow should be pause...

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Re: 2018trader post# 381829

Wednesday, 03/20/2024 5:19:34 AM

Wednesday, March 20, 2024 5:19:34 AM

Fed decision tomorrow should be pause but could be a raise.

Could be a raise? Highly improbable in my opinion, and numerous other professions, including former and current Fed officials.

Most probable is a "pause" and seeing if they indicated 2 or 3 rate cuts the balance of 2024. They need to see what March and April CPI, PPI, and especially PCE (personal consumption expenditures) as seen below reported on Feb 29, 2024.

https://www.cnbc.com/2024/02/29/pce-inflation-january-2023-.html

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