Our 2023 Stock Market Predictions!
The Young Investors Podcast
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Federal Reserve Holds Interest Rate Steady
In this chapter, they discuss the recent decision of the Federal Reserve to hold its key interest rate steady for the third time and hint at multiple rate cuts in 2024. The committee members penciled in at least three rate cuts, which is less than what the market had anticipated. Despite this, the Dow Jones industrial average jumped over 400 points, reaching a new high.
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