A few thoughts on the FOMC meeting and Treasuries

We doubt that the Fed will spring a surprise today with its communications on tapering or by revising the timing of lift-off in its interest rate projections. But there is considerable uncertainty regarding the Fed’s new projections for interest rates in 2024.  Regardless of what they show, we would still expect long-dated Treasuries to rise over the coming years.
Franziska Palmas Markets Economist
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