• The odds of the Fed cutting rates in the first half of 2023 are next to none - but there's one 'bright spot' in the market that's supporting stock prices

    25 days ago - By Business Insider

    Fed Chairman Jerome Powell. Joshua Roberts/Reuters
    "The odds of Fed 'pivot' to lower rates in the first half of 2023 are now essentially zero," DataTrek said in a note.
    But it won't necessarily mean a headwind to stock prices, as markets are showing some more confidence in the Fed's policy action.
    The 10-year Treasury yield remains below the high of 3.48% seen in June.
    The odds of a Fed pivot through the first half of 2023 are next to none, but there's one "bright spot" in the market that supports stock prices, according to the research firm DataTrek. Markets expect a 64% chance the policy...
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