2023 Year-End Review & 2024 Outlook
As we flip the calendar to 2024, the telltale signs of a shift are upon us. Financial markets continue to shrug off concerns of potential Fed missteps, instead focusing on inflation’s downward trend and expected rate cuts. The Fed continues to orchestrate a near-perfect calibration of economic variables, balancing interest rate policy against growth and inflation metrics.
However, the next move—determining when to pivot from tightening to easing—may be the hardest yet.
There is no understating the potential impact on federal markets as the Fed policy adjusts from a strategy designed to slow inflation to a strategy intended to avoid recession. That’s why we are dubbing 2024 “The Year of the Pivot.”
With so much change afloat, where do we go from here? Is it time to stay the course, pull back, or make a move? In this version of Market Insights, we share our near-term and longer-term outlooks and actionable advice on when caution or a bullish stance may be in order.
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