Harbor Lookout - Episode 17 - December FOMC: An Early Gift

In this episode of the Harbor Lookout, Jake Schurmeier, Multi-Asset Portfolio Manager, breaks down some key FOMC meeting insights.

Key Messages:

• The dot plot suggested a single cut in 2024, contrary to investors' expectations of two cuts.
• Chair Powell hinted at the unlikelihood of another hike, prompting discussions on the appropriate time for rate reductions.
• With improvements in the supply side of the economy, the FOMC sees progress in inflation across goods, housing, and non-housing services.

The views expressed herein are those of Harbor Capital Advisors, Inc. investment professionals on or about December 18, 2023.