Quick Take In response to Powell’s recent commentary, financial markets underwent significant shifts. The markets are bracing for a series of seven rate cuts in 2024, a move that would position Fed funds between 3.50 and 3.75. This anticipation set various indices in motion – the Dow Jones Industrial Average surpassed the 37,000 benchmark for […]
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Powell’s dovish remarks send Dow above 37k, Bitcoin over $43k as markets anticipate rate cuts