Why the Stock Market Doesn’t Care About Rate Cuts

To receive John Authers' newsletter directly to your inbox, sign up here.

Tuesday's February Core CPI was more positive than expected, but the stock market didn't mind. For much of 2023, the S&P 500 moved inversely to expected fed funds rates: The index sold off while the Federal Reserve was expected to keep rates “higher for longer” early last fall, and then rose as the central bank pivoted toward cuts. But so far this year, the number of cuts has been aggressively reduced and the stock market doesn't care.

Leave a Comment


No comments yet. Why don’t you start the discussion?

Leave a Reply

Your email address will not be published. Required fields are marked *