On the first day of Christmas, my Fed Chair gave to me, a dovish statement in a pear tree. At the December Fed meeting, the Fed signaled that it is done raising rates, and is starting to pencil in rate cuts in 2024. This was music to the ears of the stock market, which promptly rallied on the news. The bond market also picked up, with the 10 year bond yield falling below 4% while the 2 year lost 20 basis points in yield to go out at 4.47%.
Week In Review: The Fed finally pivots
Week In Review: The Fed finally pivots
Week In Review: The Fed finally pivots
On the first day of Christmas, my Fed Chair gave to me, a dovish statement in a pear tree. At the December Fed meeting, the Fed signaled that it is done raising rates, and is starting to pencil in rate cuts in 2024. This was music to the ears of the stock market, which promptly rallied on the news. The bond market also picked up, with the 10 year bond yield falling below 4% while the 2 year lost 20 basis points in yield to go out at 4.47%.