Broker Check

Your Weekly Journal - January 8, 2024

AND WE’RE OFF…TO A SLOW START

AND WE’RE OFF…TO A SLOW START

Last week, investors appeared to suffer from a New Year’s hangover. The culprit was too much optimism. 

After its December meeting, with inflation easing and the U.S. economy remaining resilient, the United States Federal Reserve (Fed) indicated that three rate cuts were possible in 2024. Assuming the Fed drops rates by 0.25 percentage points each time, the effective federal funds rate would fall by 0.75 percentage points to about 4.5 percent by the end of this year.