Last week, I wrote about the money and bond markets apparently doubling down on their optimistic expectations for Fed rate cuts this year. However, an interesting development occurred over the last week: Fed pushback.
Now, this doesn’t mean the Fed is not going to cut rates in 2024. It’s just that the markets had apparently gotten too far ahead in their expectations for the policy maker’s liking.
Against this backdrop, investors should consider how to play this pivot in monetary policy.
This post appeared first on ETF Trends.