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Flash Report January 2024

After embracing signs of a soft landing in December, markets adjusted to the notion that the Fed remains in no hurry to cut rates until the fight against inflation is more fully resolved. The month began with a strong jobs report and an uptick in the monthly consumer price index for December and ended with a soft employment cost index and the Fed offering no strong guidance for the first rate cut. Assets sensitive to longer term rates declined while some equities gained with a strong GDP report.

WRITTEN BY | February 1, 2024
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