The Fed halted rate hikes last week – and even penciled in a few cuts in 2024. As a result, the stock market surged. Get the details from Carson Group’s Chief Market Strategist Ryan Detrick and VP, Global Macro Strategist Sonu Varghese. Highlights include:
- The current policy rate is 5.4%; predicted rate at the end of 2024 is 4.6%
- Stocks are up 20% from two years ago
- A lot of stocks have hit monthly highs over the last few weeks
- We’re ending with strong momentum and signs of good things to come in 2024
Looking for more investment insights and market analysis? Visit our Insights page today. Then, follow us on your favorite social channels to join the conversation and be the first to know about the latest news and events.