Dow Jones Industrial Average
overview of the Dow Jones & Fed meeting.
The Dow Jones Industrial Average, often referred to as the DJIA or Dow 30, is a stock market index that monitors the performance of 30 large, publicly traded blue-chip companies listed on both the New York Stock Exchange (NYSE) and Nasdaq. Originally formulated in 1896 by Charles Dow and Edward Jones, this index serves as a pivotal benchmark for assessing the overall health of the United States economy,
Fed meeting trigger a new all-time high for the Dow Jones Industrial Average:
Highlights of meeting-
1. The Federal Reserve maintained unchanged interest rates for the third consecutive meeting.
2. The US Federal Reserve revised its growth and GDP estimate upward, indicating a more
optimistic view of the economy's expansion potential.
3. Federal Reserve officials anticipate a reduction in rates by 75 basis points in the upcoming
year.
Impact of Fed meeting.
1. Dow Jones made a new all-time high.
2. Decline in the dollor index .
3. Sharp fall in US 10 year paper from 4.20% to 3.94% .
4. Strong buying in Bullions (Gold & Silver) .
5. Buying in base metals.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
The Dow Jones Industrial Average, often referred to as the DJIA or Dow 30, is a stock market index that monitors the performance of 30 large, publicly traded blue-chip companies listed on both the New York Stock Exchange (NYSE) and Nasdaq. Originally formulated in 1896 by Charles Dow and Edward Jones, this index serves as a pivotal benchmark for assessing the overall health of the United States economy,
Fed meeting trigger a new all-time high for the Dow Jones Industrial Average:
Highlights of meeting-
1. The Federal Reserve maintained unchanged interest rates for the third consecutive meeting.
2. The US Federal Reserve revised its growth and GDP estimate upward, indicating a more
optimistic view of the economy's expansion potential.
3. Federal Reserve officials anticipate a reduction in rates by 75 basis points in the upcoming
year.
Impact of Fed meeting.
1. Dow Jones made a new all-time high.
2. Decline in the dollor index .
3. Sharp fall in US 10 year paper from 4.20% to 3.94% .
4. Strong buying in Bullions (Gold & Silver) .
5. Buying in base metals.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.