Data Update 2 for 2025: The Party Continued (for US Equities)
Musings on Markets
JANUARY 17, 2025
The hopeful note was that the Fed would lower the Fed Funds rate during the course of the year, triggering (at least in the minds of Fed watchers) lower interest rates across the yield curve, Clearly, the market not only fought through those concerns, but did so in the face of rising treasury rates, especially at the long end of the spectrum.
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