Wall Street is increasingly bullish on the market outlook (^GSPC, ^DJI, ^IXIC) in 2024. Saxo Senior Fixed Income Strategist Althea Spinozzi and Roundhill Investments Chief Strategy Officer David Mazza join Yahoo Finance Live anchor Brad Smith and to discuss what 2024 may hold in store for the Fed’s interest rate policy and how markets are already pricing in expected interest rate cuts.
“Realistically, we believe that inflation is going to have lesser importance than growth throughout 2024. But central banks are going to be cautious about that,” Spinozzi says. “So, right now, the market is pricing in five interest rate cuts by the end of 2024. We believe that that is ahead of itself.”
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