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Focus Shifts to Interest Rates, Bitcoin ETFs in 2024

Although Federal Reserve Chair Jerome Powell didn't explicitly state "mission accomplished" last week, that's essentially what the markets took in on Wednesday.

December 18, 2023

The Federal Open Market Committee (FOMC) meeting in December revealed 75 basis points of cuts anticipated in 2024, which caused the Dow to reach an all-time high and the 10-year yield to drop below 4% for the first time since late July.

The market euphoria eased a bit on Friday, but the Fed's pivot will drive markets for the rest of the year and next.

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