FED kept interest rates unchanged at 5.25%-5.5% and as per FED officials the probability for 3 interest rate cuts in 2024 is high and Dow Jones gained over 400 points post FED statements

FED kept interest rates unchanged at 5.25%-5.5% and as per FED officials the probability for 3 interest rate cuts in 2024 is high.

Dow Jones index gained 401 points and closed at 39,512.

FED upgraded USA Real GDP growth will be 2.1% and projection given in Dec-2023 FED meeting for the year 2024 real GDP growth was 1.4%.