The final 2023 policy meeting for theFederal Reservewill most likely end with the decision to hold interest rates where they are. As dull as this appears on the surface, it will not be a "ho-hum" moment for financial markets.
Market participants are looking for signs that cement the view that rate hikes are done with, and that they can expect rate cuts to begin in the first half of 2024. Any other interpretations coming from Wednesday's Fed statement will be a huge disappointment and would likely spur sharp market reactions.
Economic analysts now expect the Federal Reserve to...
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