BofA Securities revised its outlook for the fed-funds rate target and now sees it reaching 4.75% to 5% by March, economist Michael Gapen wrote in a note. That’s up from a previous forecast of 4% to 4.25%. The revision was made in response to Wednesday’s release of projections, showing the median participant on the Federal Open Market Committee “is projecting more near-term rate increases than we had expected.” The policy-sensitive 2-year yield TMUBMUSD02Y,
Murrey Math Lines 12.04.2024 (Brent, S&P 500)
Brent Brent quotes are above the 200-day Moving Average on D1, indicating a prevailing uptrend. The RSI has broken the support line, exiting the overbought