Friday Briefing: Maybe the Fed doesn't cut rates this year

Friday Briefing

Or maybe, it even hikes them.

Four months ago, no one was making a statement like that, but now the possibility that the Federal Reserve doesn't deliver its long-awaited rate cuts at all in 2024 has climbed up the probability scale. At the start of the year, markets were pricing in six cuts from the Fed for 2024, with the first one originally expected in March. Friday Briefing: I wonder how much asset managers spend on legal fees The month came and went and when the Federal Open Market Committee opted to hold rates at 5.25% to 5.5% markets swallowed that. Fine. The economic data had changed, inflation and jobs ...