December Dots News Today

Minutes of the January Fed meeting are the only item worth mentioning. We expect them to align with the recent Fed push against dovish market bets. Fed chair Powell strongly suggested that the base case scenario of “only” three 25 bps rate cuts, as plotted in December Dots, remains in play going into the March update. More and more Fed members indicate summer as the preferred starting point. From a market point of view, we fear that they won’t contain much new, guiding, info though, settin...