4th January 2024

  • Fed Sees Rates Staying High for Some Time With Cuts Eyed in ’24

Policymakers remain open to hiking again if appropriate

Minutes cite optimism on inflation, ‘clear progress’

https://blinks.bloomberg.com/news/stories/S6PCAEDWRGG0

  • Markets See Fed’s QT Exit Nearing as Minutes Reveal Early Talks

Participants said time to discuss what would guide end of QT

Central bank has been shrinking balance sheet since June 2022

https://blinks.bloomberg.com/news/stories/S6PAKJT0G1KW

  • Bond Traders Show Early Signs of Doubting Dovish Fed Pivot

Drop in net long positions from JPM clients biggest since 2020

Two-year yield flat post Fed meeting minutes; long-end rallies

https://blinks.bloomberg.com/news/stories/S6P9NTT1UM0W

  • Oil Rises for Second Day on Libyan Outages, Middle East Attacks

Sharara, El-Feel oil fields shut down after protests

Blasts in Iran kill 95 people; Houthis claim ship attack

https://blinks.bloomberg.com/news/stories/S6Q3ALT0G1KW

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