The Fed Holds Steady with a Dovish Pivot

December 15, 2023 Kathy JonesLiz Ann Sonders
Kathy Jones discusses the Fed's latest decision and interviews former Fed economist Dr. Julia Coronado.
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    This week, the Federal Reserve left its benchmark interest rate unchanged in the 5.25% to 5.5% range but signaled 75 basis points in rate cuts coming in 2024. While co-host Liz Ann Sonders is out sick this week, Kathy gives her perspective and then brings in a guest to provide context and background on this unique economic cycle.

    Kathy Jones interviews economist Dr. Julia Coronado, president and founder of Macropolicy Perspectives. Dr. Coronado is a clinical associate professor of finance at the McCombs School of Business at the University of Texas. She has more than a decade of experience as a financial market economist including serving as Chief Economist for Graham Capital Management and BNP Paribas, and as a Senior Economist at Barclays Capital. After receiving her Ph.D. in Economics from the University of Texas at Austin, Julia worked for the Federal Reserve Board of Governors in Washington D.C. for eight years where she regularly briefed the Board and contributed to the FOMC forecasts. 

    Dr. Coronado and Kathy discuss what makes this cycle unique, the deficit, the levers at the Fed's disposal, and the potential for rate cuts in 2024, among other topics. 

    If you enjoy the show, please leave a rating or review on Apple Podcasts.

    Get Schwab's view on markets and economy.

    Stocks Climb to Fresh All-Time Highs to Close Week

    The S&P 500 and Nasdaq Composite posted record highs for second day in a row amid technology strength and easing inflation concern.

    Closing Market Update

    The S&P 500 and Nasdaq Composite posted record highs for second day in a row amid technology strength and easing inflation concern.

    Weekly Trader's Outlook

    Investors approved of this week's inflation read and responded by pushing most of the major indices to fresh all-time highs. Although we're overbought, the near-term path of least resistance appears to be higher.

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