Published on 21 Mar 2023 on InvestorPlace via Yahoo Finance
Quant Ratings Updated on 121 Stocks
Wall Street is on pins and needles ahead of the Federal Open Market Committee (FOMC) March meeting this week. While the FOMC meetings are typically closely watched, the March FOMC meeting could be especially critical for future market performance.
Many strategists are forecasting key interest rate cuts later this year, but that seems very premature to me right now. Instead, I expect the Fed to raise key interest rates by 25 basis points on Wednesday. Personally, I think it’s the Fed’s statement on Wednesday afternoon that will be vital.
Here’s the reality: We need the Fed to signal that it will “pause” its tightening policy.