Holiday Cheer from the Fed – Market Reaches Record High
December 15, 2023
A soft landing - once thought to only be achieved by Mr. Clause himself as he arrives on rooftops around the world – has potentially been attained by The Fed after a two-year tightening cycle. On Wednesday, the Federal Reserve announced optimism about a soft landing, known as the long-awaited “Fed-Pivot” – projecting short-term rate cuts and a gradual return of inflation to its 2.0% goal without a recession. Despite maintaining current interest rates and tightening pace, the Fed revised its short-term interest rate projections significantly downward.
Important Disclosure
Contact Us
Oops! Something went wrong while submitting the form.
- or -
Book a Call With Us Today
Founded in 1984, Pinnacle Associates, Ltd. is a forward thinking, multi-billion dollar investment advisory firm focused on transparency and putting clients first. We provide advice to individuals and families, institutional investors and other financial institutions.
