BREAKING: The S&P 500 extends its rally on rate cut expectations to +1.4% and is now less than 50 points away from crossing 6,500 for the first time in history.
BREAKING: Fed Member Bostic says he “is in no hurry” to adjust the Fed’s policy rate.
Bostic sees a “possible path” to 1 interest rate cuts in 2025 and he is “very cautious” about cutting rates too soon.
The long Fed pause is going to get even longer.