02/05/2024
All eyes were on the Fed last week, with the market's wagon remaining tightly hitched to the outlook for future monetary policy moves. The Fed kept its policy rate steady, but the primary focus was on the central bank's message that it intends to remain on hold a while longer.
While markets were hoping for a signal that rate cuts were coming sooner, incoming data, including the latest jobs report, continue to offer confidence that the economy is holding up well enough for the Fed to exercise some patience.
In our latest Weekly Market Wrap, we offer our takes on what the latest Fed and employment news means for the markets ahead.
A summary of last week's market highlights and economic news.