Page 4 - The Fed News Today

Futures pricing have consistently assigned a 50 per cent or greater chance of a move

Cracks are forming in the market’s bullish consensus for bonds

Four new voting members on the Fed's Federal Open Market Committee in 2024 could change the balance of power between hawks and doves.

Richmond Fed President Tom Barkin said the potential for rate hikes is still on the table if inflation heats back up in 2024.

"The Fed has obviously set itself up for a bit of a tête-à-tête with the bond market," Richard Kneller said as bond yields swung on Thursday.

The year 2023 is quickly coming to an end, and we are ending the year on a positive note, in spite of much uncertainty throughout the year.

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Wall Street forecasters are starting to pencil-in more interest rate cuts and expect them earlier in the year.

Despite the fact that markets were 90%+ certain that the Fed was done hiking, both the equity and fixed-income markets were surprised that the hawkishness disappeared.

Markets are expecting the Fed to hold interest rates steady at the conclusion of its meeting, potentially setting the stage for cuts in early 2024.