Market Thoughts for January 2024
Brad McMillan, Commonwealth’s CIO, recaps December’s market and economic news. Markets around the world were up from 3 percent to 6 percent last month and up by double-digits across the board for the year. The lack of a recession drove these positive results, with job growth and consumer confidence remaining healthy. The Fed kept rates steady last month, signaling a potential soft landing for the economy as inflation continues to decline. But how many rate cuts can we expect in the coming year? Stay tuned to find out.
