Markets expect Fed to cut rates as early as March

2023 ended up as a reasonably good year for investors with bonds making a comeback and equities rallying strongly through November/December following a period of weakness.

In the US, inflation has been falling sharply while the economy has remained strong. Markets are now seeing a 90% chance that the Fed will cut rates as early as March.

In the first week of 2024 investors will be closely monitoring some important data releases, including US jobs numbers and minutes of the Federal Reserve’s meeting last month.

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