Stock Market

Stock Market

Here’s what it would take for the Fed to start slashing rates in 2024

If the Fed meets market expectations and starts cutting aggressively in 2024 it likely will be against a backdrop of a sharply slowing economy and rising unemployment.Market pricing has grown even more aggressive on Fed policy easing, with fed funds futures now pointing to five quarter-percentage-point rate cuts next year."The market keeps trying to front-run these rate cuts, only to be disappointed," said Kathy Jones, chief fixed income strategist at Charles Schwab.The Marriner S. Eccles Federal Reserve building during a renovation in Washington, DC, US, on Tuesday, Oct. 24, 2023.Valerie...
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