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Bond-market projections for next year that looked pessimistic when they were published in November became untenable as yields slumped following the Fed’s pivot toward cutting interest rates next year. Some already upbeat calls were also completely overtaken by events.
After holding policy steady for the third straight meeting this week, Fed Chair Jerome Powell and his colleagues are expected to use their “dot-plot” to forecast rate cuts in 2024 – though probably not nearly as many as investors and economists are expecting.
The first phase of the O.E. Roberts Stadium renovation is estimated to be completed in February.
Breaking Point: The Unsustainability Of America's $1 Trillion Annual Debt Interest – Top 5 Critical Facts