Tag: Week039s
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Fed's Goolsbee says he was 'confused' by last week's market reaction
A Federal Reserve official said Monday that the market may have misunderstood the central bank’s intended message last week after stocks and bonds rallied sharply. The Fed voted last week to hold rates steady once again, and its updated projections showed an expectation of three rate cuts in 2024. That caused a rally in stocks…
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This Week's Fed Meeting Could Shock Market Rates Higher
Alex Wong This week’s FOMC meeting will likely highlight the big differences between where the Fed sees interest rates in 2024 and where the market sees rates. The November job report this past week highlights that the labor market remains healthy despite a slowdown in hiring and an unemployment rate that is trending higher. But…