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- Investors are starting to take seriously the idea that the Fed might not cut interest rates in 2024.
- Strong job gains and elevated inflation reports could put the Fed in a difficult spot later this year.
- At this point, investors are viewing economic strength as ultimately good news for the stock market, if that means a recession is delayed.
From seven, to three, to now potentially zero, projected interest rate cuts in 2024 are quickly going out of style on Wall Street.