What does this mean for Zip?
If the market starts to price in these rate cuts, then we could see Zip at $2 before the June meeting. IMO, DYOR.
IMO, the Fed is aware that the actual data is bad, but the survey is not capturing that. That's probably why they haven't moved away from their December 2024 fund rate projection, which calls for 3 rate cuts, despite January's high inflation numbers. Then February's lower inflation data showed that the Fed was right by ignoring January’s number. So we are likely to see a sudden drop towards 2% inflation just before June.
$2 PARTY, page-2781
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Last
$1.85 |
Change
0.078(4.37%) |
Mkt cap ! $2.373B | |||
| Open | High | Low | Value | Volume |
| $1.81 | $1.91 | $1.80 | $34.23M | 18.26M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 76629 | $1.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.86 | 42937 | 20 |
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| Last trade - 14.31pm 29/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |