Posted 3/20/2024, 9:19:17 AM
Traders Cautious Ahead of Fed Rate Decision; Boeing and Chipotle in Focus
- Wall Street traders cautious ahead of Fed decision and signals on interest rate cuts
- Focus on Fed's rate forecasts ("dot plot") and potential balance sheet discussion
- Markets positioning for risk of more hawkish Fed outlook compared to previous guidance
- Boeing predicts large cash drain in Q1 due to 737 Max production cuts and regulatory issues
- Chipotle proposes 50-to-1 stock split after huge share price run-up since IPO
