1.24.24 What to Expect Out of the Fed
Key Takeaways
• Inflation expectations over the next 12 months have convincingly improved, giving the Federal Reserve (Fed) reasons to pivot. We will likely notice improving inflation dynamics later this week.
• Risk appetite improved as investors considered bringing cash off the sidelines and into capital markets, pushing the markets to new all-time highs.
• Building permits, a leading indicator of future construction, accelerated in December as builders expect the housing market to improve as borrowing costs fall.
• The American Staffing Association’s staffing index hin
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