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Monday Minutes with Greg Faranello, CFA | February 5, 2024

A continued consolidation in rates following the Fed meeting, employment number, and Chair Powell last night on 60 Minutes. The Fed continues to manage market expectations for rate cuts in 2024. The Fed speak since last week’s meeting has all skewed away from early and quick cuts. Makes sense. In the end, 10-year nominal yields are still a full 100-basis points lower than October of 2023. Last night, the Fed Chair laying the groundwork for rate cuts later this year should the monthly inflation numbers continue to prove “good”. On the radar for investors and the FOMC this week will be the CPI revisions released on Thursday.

Get your updates each week with Gregory Faranello, CFA–Head of U.S. Rates at AmeriVet Securities.