As is often the case following Federal Reserve/FOMC meetings, the past few days have seen considerable re-evaluation of the first quick-take outlook for interest rates in 2024. Little doubt has emerged that the FOMC announcement on December 13 represented a monetary policy pivot away from increased tightening. Many economists, including the Federal Open Market Committee or FOMC members, anticipate a soft landing for the U.S. economy in 2024 (probably the same ones who predicted the 2023 recession, which never happened) that will include slowing GDP growth without a recession. However, a misstep in Fed policy could slow the economy so much that it contracts into a recession or may reignite inflation, making the next several months a critical period for the central bank. On the wealth planning front, we discuss the biggest news in sports this week: Shohei Ohtani’s 10-year contract with the Dodgers.
Click Here to Read the December 18, 2023, Economic Commentary
Click Here to Read the December 18, 2023, Investment Commentary
Click Here to Read the December 18, 2023, Wealth Planning Commentary
