Fed Thoughts

Fed Thoughts: Boats Against the Current

Fed Thoughts White Paper
January 2024

Authors & Contributors

Theory and facts don’t always fit together easily.

After a year of a fast-growing economy due to flexible prices, the market anticipates disinflation to follow into 2024. Market participants may also find themselves disappointed to not see policy easing until the second half of the year.

Chief Economist and Macro Strategist Vincent Reinhart explains how this “last mile” may be difficult.