Economic Commentary

Podcast: Have the markets gone too far in pricing in rate cuts?

December 14, 2023
Microphone in radio studio

Key Takeaways:

The Federal Reserve Open Market Committee just wrapped up its last policy meeting for the year. As widely anticipated, Fed officials kept the target for the Fed funds rate unchanged at 5.25% – 5.5% for the third consecutive meeting. The primary focus was on the Fed’s updated guidance regarding the prospective path for the policy rate for 2024. The guidance came via changes to the policy statement, the updated macro and interest rate projections, and Chairman Powell’s press conference.

Nationwide’s Chief Economist Kathy Bostjancic and Head of Enterprise Portfolio Management Leo Svoboda react to the FOMC’s recent announcement and press conference from their December meeting. Kathy and Leo provide their outlook for interest rates and Treasury yields in 2024.

Looking for more podcasts from Nationwide Economics? Find us however you listen below.

Subscribe: Apple Podcasts  |  Soundcloud  |  iHeart  |  Spotify  |  Amazon  |  Google Podcasts

Disclosure Statement:

  • The information provided by Nationwide Economics is general in nature and not intended as investment or economic advice, or a recommendation to buy or sell any security or adopt any investment strategy.

    Additionally, it does not take into account any specific investment objectives, tax and financial condition or particular needs of any specific person. The economic and market forecasts reflect our opinion as of the date of this report and are subject to change without notice. These forecasts show a broad range of possible outcomes. Because they are subject to high levels of uncertainty, they will not reflect actual performance. We obtained certain information from sources deemed reliable, but we do not guarantee its accuracy, completeness or fairness.

    Nationwide and the Nationwide N and Eagle are service marks of Nationwide Mutual Insurance Company. © 2023 Nationwide