Ballestas Group
- Nov 6, 2023
- 1 min read

Federal Reserve's Caution and Job Market's Pause Point to End of Tightening Era

After holding rates steady on Wednesday, the Federal Reserve acknowledged that tighter financial conditions will likely affect economic activity, employment and inflation. Although much of Chairman Jerome Powell's press conference suggested that the Fed maintained a bias toward tightening, the market interpretation is that the rate hike cycle has likely peaked.

Recent Posts

See All

Rising Expectations: Treasury Yields and Inflation in Focus

Yields on 10-year Treasuries hit a high of 4.735% after the underlying personal consumption expenditures price index rose 3.7% in the first quarter, although economic growth was a slower-than-expected

Housing Market Crash and Rising Tariffs: Economic Impact on U.S. and China

Existing home sales in the U.S. fell 4.3% month-over-month in March as mortgage rates rose to 7.1%. Also, new residential construction plunged 14.7% from the previous month, the biggest drop since Apr

Expectations Review: Fewer Rate Cuts on the Horizon?

After three higher-than-expected CPI indices, investors recalibrated their expectations for rate cuts, projecting fewer reductions. Originally, up to three cuts were expected before the end of the yea