Does the Fed know it’s Christmas time at all?

Quick Summary:

We and the market were profoundly surprised by the hawkish tone of the changes in the FOMC’s economic projections . . . This was clearly a risk-off event . . .

Anyway, stocks puked and frothier markets got whacked after the statement, with Bitcoin down almost 6 per cent for the day.And yet . . .

Futures are now pricing a fed funds rate around 4 per cent at the end of next year; that’s one to two cuts.

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Article Details

Author / Journalist: Alexandra Scaggs

Category: MarketsFinanceInvesting

Markets: United States

Topics: Stocks Market Financial Inflation Cent Projection Core Year Rate Funds Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 07:48:31 (15 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 611 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24546183

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 15 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publisher ID: #3

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