Following comments and speeches from Chair Jerome Powell and Fed Governor Waller, markets enter the Fed’s blackout period with expectations for a quick pivot toward lower rates in the first quarter of 2024.

Locally, all markets including rates have come a long, long way since the November 1st FOMC meeting. As the Fed signals more confidence to the end of this tightening cycle it’s not the direction of the next move but timing which is coming into focus. This week all eyes on Friday’s employment report.

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