-
US data confirms the cooling narrative
Financial markets responded aggressively to the Federal Reserve’s dovish signals at the December FOMC meeting when their individual dot plots pointed to three rate cuts in 2024. This gave market participants the confidence to ramp up the pricing of potentially even more aggressive easing coming through, helped additionally by a very soft core PCE deflator print. Markets are now anticipating six 25bp moves, starting as soon as March. We have been predicting 150bp of interest rate cuts in 2024 for some time, but we remain a little nervous that the market has moved so far so quickly even though the jobs market remains ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jan 3, 2024 12:23pm Jan 3, 2024 12:23pm
- rashadali
- Joined Jan 2016 | Status: Member | 715 Comments
- Comment #2
- Quote
- Jan 3, 2024 12:41pm Jan 3, 2024 12:41pm
- Banditten
- Joined Sep 2019 | Status: Member | 1495 Comments
- Comment #3
- Quote
- Jan 3, 2024 12:57pm Jan 3, 2024 12:57pm
- klavi6a
- | Joined Apr 2023 | Status: Member | 1 Comment
- Comment #4
- Quote
- Jan 3, 2024 1:20pm Jan 3, 2024 1:20pm
- TrAndy1
- Joined Feb 2022 | Status: Fulltime Trader | 8 Comments
- Comment #5
- Quote
- Jan 3, 2024 1:21pm Jan 3, 2024 1:21pm
- TrAndy1
- Joined Feb 2022 | Status: Fulltime Trader | 8 Comments
- Comment #6
- Quote
- Jan 3, 2024 2:00pm Jan 3, 2024 2:00pm
- Banditten
- Joined Sep 2019 | Status: Member | 1495 Comments
- Comment #7
- Quote
- Jan 3, 2024 2:02pm Jan 3, 2024 2:02pm
- Banditten
- Joined Sep 2019 | Status: Member | 1495 Comments