Corporate Bond Market Insight - Will the New Year Take a New Direction?
Key takeaways from the latest edition:
The Federal Reserve’s current target interest rate range stands at 3.5% to 3.75%, reflecting recent monetary policy decision to take a pause at the last meeting.
We expect Kevin Warsh to be easily confirmed as the new Fed chair by the Senate because of his strong qualifications, prior experience and credibility with investors.
Despite concerns over consumer health, slowing labor markets and tariffs, growth forecasts continue to be revised higher, supported by strong GDP numbers and persistent economic momentum.