There are several reasons for adopting a cautious near-term outlook for markets, and reflation risk is arguably at the top of the list. That’s old news, but it’s a topic that’s keenly in focus after the Federal Reserve decided on Wednesday to cut interest rates for a third time.
Daily Archives: December 19, 2024
Macro Briefing: 19 December 2024
Treasury yields rise sharply after the Federal Reserve cuts its target rate by 1/4 point–the third straight cut. The US 10-year Treasury yield shot up after the announcement, ending at 4.52%, the highest since May.