Arabic 
Dovish Fed & Markets Celebrating – The Federal Reserve decided to maintain its current policy as anticipated. However, the Fed’s dovish stance was enthusiastically met by the markets, resulting in a new record high at the closing bell.
Based on the dot plot, the Federal Reserve is anticipating three rate cuts for this year, even though there are slightly higher inflation expectations. The Fed’s decision to maintain the rate cut projections, despite the increase in inflation expectations, suggests that they are not worried about inflation shifting its trajectory. As a result, the market viewed this decision as dovish.
