"Stocks Soar as Fed Commits to Three Interest-Rate Cuts This Year"
TL;DR Summary
The Federal Reserve maintained its dovish policy outlook, indicating no change in borrowing costs and a plan for three rate cuts this year, leading to a rally in U.S. stocks and gold prices while weakening the U.S. dollar. Technical analysis suggests potential upward momentum for gold towards $2,250, a possible Nasdaq 100 rally towards 19,175, and EUR/USD challenging trendline resistance at 1.0950. The Fed's stance may limit bond yield increases and hinder the U.S. dollar's rebound, while supporting risk assets and precious metals in the near term.
- Fed Sticks to Dovish Policy Roadmap; Setups on Gold, EUR/USD, Nasdaq 100 DailyFX
- Here's what changed in the new Fed statement CNBC
- Analysis-Steady Fed outlook boosts stock market's hopes for coveted 'soft landing' Yahoo Finance
- Stocks surge after Fed indicates three rate cuts still coming this year CNN
- Fed Officials Still See Three Interest-Rate Cuts This Year, Buoying Stocks The Wall Street Journal
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