Posted 12/15/2023, 2:36:58 PM
Markets Pull Back After Fed Tempers Rate Cut Hopes
- This week's "everything rally" lost momentum on Friday after a Fed official cast doubt on hopes for a March rate cut
- US stocks and bonds were mixed while the dollar rebounded
- The 10-year Treasury yield fell below 4% for the first time since August
- European Central Bank officials said markets are getting ahead of themselves in betting on ECB rate cuts in 2019
- Traders also have to contend with the year's largest options and futures expiration on Friday, which could spark volatility