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- Mar 19 Fed keeps interest rates steady
Market
“The Federal reserve did not change interest rates today, but still expects 2 rate cuts this year. The GDP growth rate estimate has slowed to 1.7%” 😊 😋
Markets seemed to like the Fed policy, but there are still fears of recession
The most important element of the Fed meeting were the notes which indicated that inflation could rise up again, while growth slows. This is typically called stagflation and the periods before when this happened were not great for the market, losing 8% on average and lasting 11 months on average.
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