A Dovish Fed? Not Just Yet, but Soon: Analysts

While Wall Street looks for clues on rates, it is also bracing itself for this year's final meeting of the policy-setting Federal Open Market Committee (FOMC) that concludes on Wednesday. The Federal Reserve is almost certain to hold interest rates steady. But aside from a likely unremarkable meeting conclusion, analysts believe that the Fed is done raising interest rates and could be readying to consider rate cuts next year, maybe as early as the first half of 2024. “At the December FOMC meeting, we expect the Fed to stay on hold and maintain the target range for the federal funds rate at 5.25–5.5percent. Incoming data since the…