Market Forecast: Q1 Consensus Indicates Rally with Watchful Eyes on FOMC
As we inch closer to the peak of the Q1 earnings reporting season, market analysts are arming themselves with optimism, backed by a consensus that suggests not just a bottoming out but a potential ascendancy in market trajectory. The consensus figures for** upcoming quarters** have shown an uptick, laying the groundwork for what may very well be a sustained market rally. But the journey doesn't come without its hurdles. The Federal Open Market Committee (FOMC) stands as a critical checkpoint, with its stance on interest rates potentially dictating a mid-summer market correction should the much-anticipated rate cuts fail to materialize.
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