The economic data released during the past week served as a stark reminder to investors the path to get core inflation down to the Federal Reserve 2% policy objective will be non-linear and challenging in 2024.
The economic data released during the past week served as a stark reminder to investors the path to get core inflation down to the Federal Reserve 2% policy objective will be non-linear and challenging in 2024.
In a light week for economic releases, investor sentiment was dominated by Federal Reserve speakers. Fed Chairman Jerome Powell reiterated in a 60 Minutes TV interview that the FOMC (Federal Open Market Committee) wants to see more progress on inflation before cutting rates and downplayed chances for the first rate cut in March.
