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Early Morning with Dave
Markets Heed the Fed's Message on the Undesirable "Easing in Financial Conditions"
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Markets Heed the Fed's Message on the Undesirable "Easing in Financial Conditions"

Markets readjust to slower path for rate cuts after the FOMC minutes

David Rosenberg's avatar
David Rosenberg
Jan 05, 2024
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Early Morning with Dave
Early Morning with Dave
Markets Heed the Fed's Message on the Undesirable "Easing in Financial Conditions"
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Highlights

  • Markets readjust to slower path for rate cuts after the FOMC minutes

  • Red flags emerge in hiring activity ahead of today’s NFP report

  • Aggregate supply is set to outpace demand (disinflationary!)

  • Yesterday’s corporate news flow was not bullish

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