2 Question Tuesday Presented by Focused Wealth Management

1/9/2024 - What Will The Federal Reserve Do This Year & How High Will Bond Yields Rise And Is It Too Late to Buy Bonds?


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Phil, Mike, and Larry discuss the stronger-than-expected jobs report which ended the stock market’s nine-week rally. The Nasdaq ended the week down 3.25% — its worst weekly performance since September. They also evaluate the minutes from the Fed’s December meeting and the implication that the Fed will keep interest rates higher longer than the market anticipates with fewer rate cuts.

They then talk about how the yield on the 10-year US Treasury bond climbed back above 4% on the assumption that the Fed will keep interest rates higher for longer. They also say how high they expect bond yields to rise and whether it’s too late to get into the bond market?

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.

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2 Question Tuesday Presented by Focused Wealth ManagementBy Focused Wealth Management