The Fed surprised markets with a sharp pivot on 2024 rate cuts. Here's how Wall Street is changing its forecasts.

10/16/2023, 9:47 AM
businessinsider.com

The Fed surprised markets with a sharp pivot on 2024 rate cuts. Here's how Wall Street is changing its forecasts.

Lucas Jackson/Reuters

The Federal Reserve's nod toward a coming dovish pivot last Wednesday sparked a sea change on Wall Street, as investors panic-bought stocks and forecasters penciled-in just how many interest rate cuts could be on the table for 2024.

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