JANUARY Overview Economic growth continues to hold up. The labor market, as evidenced by the recent payroll numbers, continues to be healthy. Inflation is trending downwards. All of this is good news for the Fed. At the same time, it’s the continuity of the downward flection in price gains that the Fed wishes to see. Although the Fed is messaging that they expect rates to come down this year, they believe the extent and pace of these actions will most likely be slower than the market is expecting.
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