Institution: 2024 could become one of the worst periods predicted by the Federal Reserve

On December 19, Marvin Loh, Senior Macro Strategist at State Street Global Advisors, stated that the uncertainty brought by the FOMC is a major reason for the significant rebound in PCE risk in risk balance. With the interference to be introduced by the new government, this risk may only get worse. 2024 will become one of the worst forecast periods for the Federal Reserve. Remember when they thought they would lower interest rates back in March this year? Now they are raising terminal rates to around 3%. Hopefully, they can do better on their main job in 2025.