The View from 5th Avenue

The View from 5th Avenue – 20 March 2024

So what do we think….the FOMC meeting well received? With all major indices finishing in the green for another SPX all-time-high close after spending majority of the morning edging lower, I’d say so! Commentary of the Fed still being on track for a rate cut (penciling in three) reinvigorated traders, leaving rates unchanged at 5.25%-5.50%, alongside body language from Powell during today’s FOMC meeting abated any sentiment to send us lower. With the Committee deciding it will be “appropriate to…

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