AFMC - Fed Watch: Not So Fast My Friend

2024-01-31 19:40:00 ET

Summary

• Once again, the Fed did what was widely expected and kept the Fed Funds target unchanged at the January FOMC meeting.
• As a result, the trading range remains at 5.25%-5.50%, still at a more than 20-year high watermark.
• The money and bond markets have been harboring optimistic expectations on the rate cut front, but as of now, the Fed seems to be saying "not so fast, my friend."

By Kevin Flanagan

Once again, the Fed did what was widely expected and kept the Fed Funds target unchanged at the January FOMC meeting. As a result, the trading range remains at 5.25%-5.50%, still at a more than 20-year high watermark....

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