SGOV - Let's Stop With The Rate Hike Talk Already
2024-05-08 15:15:00 ET
Summary
- Coming into this year, it’s safe to say that all the attention within the money and bond markets was on Federal Reserve rate cuts.
- If the whole rate hike narrative hadn’t been re-introduced, the focus probably would have been on the Fed chair’s statement that gaining confidence to cut rates will take longer than originally thought.
- Although the employment data did not meet consensus forecasts, it still revealed a relatively solid labor market setting.
By Kevin Flanagan
Coming into this year, it’s safe to say that all the attention within the money and bond markets was on Federal Reserve rate cuts. It wasn’t a question of “if,” but “when” and by “how much.” Well, we all know now how that narrative has turned out thus far. In fact, just within the last few weeks the whole rate cut discussion was turned completely around, as - believe it or not - the Treasury ( UST ) arena was actually contemplating the exact opposite…could the Fed give us a renewed rate hike....
Let's Stop With The Rate Hike Talk Already