Falling bond yields help make another Fed rate hike likely next month, but expect a quick pivot to cuts in 2024, S&P Global says

Falling bond yields help make another Fed rate hike likely next month, but expect a quick pivot to cuts in 2024, S&P Global says

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None The Fed will hike rates by 25 basis points next month, S&P Global Ratings forecast. • None That's as falling Treasury yields are no longer a constraint on financial conditions. • None But the Fed will have to quickly pivot as the impact of high rates wears down on the labor market next year.…

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