Even though current and former Fed officials still insist on a high bar for declaring “mission accomplished” on achieving the soft-landing outcome, the markets interpreted the aftermath of the July FOMC as the final rate hike for this cycle , cementing expectations that the Fed would start cutting rates as early as the 2nd quarter of 2024.

By Benjamin M. Lavine, CFA, CAIA, RICP
Chief Investment Strategist, Freedom Advisors & Chief Investment Officer, 3D, a Freedom Advisors company