Wall Street traders go all-in on great monetary pivot of 2024

(Image: Bloomberg)

Mon, 18 Dec 2023

By Vildana Hajric, Jessica Menton, Carter Johnson and Elena Popina After clashing in recent years, Wall Street traders and the Federal Reserve are – for once – broadly in sync: the great monetary pivot is near as central bankers engineer a once-unthinkable soft landing in the world’s largest economy.That’s the big-picture takeaway after the Fed gave its clearest signal yet that its historic policy tightening campaign is over by projecting more aggressive interest-rate cuts in 2024 – in the process igniting one...

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