The Federal Reserve is meeting this week, focusing on changing economic forecasts and the dot plot.
They may indicate that economic growth is expected to slow down, and inflation might take longer to decrease. Although there have been some positive news recently, the job market is also not doing well.
Now there is a risk of stagflation, along with many uncertainties. The Federal Reserve may continue to proceed cautiously and may not easily cut interest rates. As the market anticipates, the Federal Reserve is unlikely to change interest rates this week.
Market conditions change daily, so don't let your mindset become too rigid. If you often feel like you're a step behind, feel free to reach out to chat.