Posted 3/13/2024, 10:29:56 AM
Inflation Report Damps Hopes for Imminent Fed Rate Cuts
- Inflation report was hotter than expected on Tuesday, causing Fed rate cut odds to decline
- Bond rates rose and S&P 500 made new highs on Tuesday, confusing signals
- Inflation still too high for Fed's liking, rate cuts may not happen as soon as thought
- Broad market rally lacking, tech giants leading charge to new highs
- Trading plan market fully valued, no big correction expected but also not likely a sustained rally until Fed rate cuts