Institutions: the economy may be stronger than the

Aihuicha, November 28: after fairly strong retail sales on Black Friday and weekends, investors may see a stronger economy than the Federal Reserve wants to see, which may curb market expectations for interest rate cuts in early 2024. Matthew Ryan, head of market strategy at Ebury, a global financial services firm, said the data released last week had delayed expectations of interest rate cuts and obscured claims that labor market conditions were cooling. Any unexpected uptick in economic data could further delay expectations of the Fed's interest rate cut, which is currently fully priced for the first time in June 2024.