This morning (PST), all three major US indices are in the green following overall good news on the economy. Feds held the rates steady and suggested rate cuts at some point this year. Dot plot suggests 3 rate cuts later this year (or 0.75% rate cut this year) based on current information. Chairman noted that they believe the rates are at or near the peak and are prepared to hold if data warrants. February existing home sales jumped more than estimated. March manufacturing seemed above estimates. Last week's jobless claims dipped and was better than estimated. In another news, AAPL stocks seems to have -ve sentiments perhaps because of news related to DOJ's antitrust case against it.
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