Editorial: Happy holidays? The Fed and bond markets are giving us reasons to be optimistic for the future
It’s been a rough couple of years, economically speaking, as consumers and businesses accustomed to years of essentially free money, courtesy of the Federal Reserve, had to adjust on the fly to the sudden spike in interest rates.
The Fed appears poised to provide relief in the new year. The central bank has signaled three likely rate reductions in 2024.
Bond markets aren’t waiting around for the Fed to act. Rates on 10-year Treasury bonds now are 3.9%, down from 4.9%
