Posted 12/12/2023, 5:09:20 PM
Markets Buoyant But Cautious Ahead of Major Central Bank Meetings, Data
- Markets optimistic about continued good US inflation data and central bank policy easing
- Key economic reports this week (CPI, Fed, ECB meetings) to test market confidence
- Concerns linger over still-strong US jobs market hampering expected Fed rate cuts
- Markets braced for potential policy disappointment if data/messaging push back on rate cut bets
- Upside for equities and bonds seen moderating; preference for quality stocks and bonds