MARKET DAILY

Market 01/04: Banks update forecasts on 2024 interest rates

Service sector jobs surge - manufacturing sector declines in ADP survey. Services PMI increase confirms stagnation in the progress of services sector disinflation.

Yesterday's FOMC Minutes: Most FOMC members believe cutting interest rates by the end of 2024 is appropriate

Read more about December FOMC Minutes at here

All sell-side banks agree that the Fed will cut rates in 2024.

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