EPISODE · Dec 30, 2023 · 3 MIN
December Market Recap: The Fed Held Rates, Consumers Keep Spending, Mortgage Rates Decline, and More
from Financial Foundations · host Base Wealth Management
In this episode, Alex Wolfe, Head of Financial Planning at Base Wealth Management, provides a rapid fire recap of the latest market news. Topics include the Fed's projection for 2024, its caution against lowering interest rates too hastily to prevent persistent inflation, and the surprisingly strong consumer spending patterns despite retailer's lower guidance for the holiday season. Wolfe also mentions the bond and interest rate markets' anticipation of future rate cuts, the decrease in mortgage rates, and the rise in mortgage applications. Additionally, he touches on the easing inflation due to a decrease in oil and energy prices, and the rising cost of groceries going into 2024. Send us your questions to [email protected].
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December Market Recap: The Fed Held Rates, Consumers Keep Spending, Mortgage Rates Decline, and More
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