Why the Fed could hold rates steady next year
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Treasury bond yields have been steadily declining as many investors believe the Federal Reserve is done with interest rate hikes and may begin cutting rates as early as June of 2024. With recent commentary from the Bank Of Japan and November jobs data due out on Friday, predictions for the Fed’s next move have been called into question. RiverFront Global Fixed Income CIO Kevin Nicholson joins Yahoo Finance to discuss the current status of the market. “I think you’ll probably see the bond market go up by 10-15 basis points. I think that you’re going to really see a sell-off abruptly and not to the same degree as the momentum […]