Advisors More Conservative About Rate Cuts
While 2023 was the year of Fed rate hikes, the fixed income market is expecting 2024 to be the year of rate cuts. At the December 2023 meeting, the Federal Reserve’s own guidance was for three 25 basis point reductions in 2024.
Source: https://etfdb.com/fixed-income-channel/advisors-are-being-more-conservative-on-rate-cuts/
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