Fed Cuts Down Bears’ Remaining Hope
We said yesterday that expectations for a dovish Federal Reserve meeting were high. And for now, it appears that Jerome Powell and the FOMC have delivered just that. 🤩
The Federal Open Market Committee (FOMC) statement changed slightly vs. November, primarily adding verbiage that “inflation has eased over the past year” but remains elevated. As such, they kept rates unchanged to close out 2023.