---
title: Surprise, surprise... Even with a hot jobs report and inflation rising to 3.4%, market expectations regarding timing and number of rate cuts have shifted more dovish.
description: "Markets are now pricing-in a rate cut at EVERY Fed meeting this year beginning in March 2024 until December 2024.\nEffectively, markets are saying that us interestrates will move in a straight-line lower.\nSource: The Kobeissi Letter"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Surprise, surprise... Even with a hot jobs report and inflation rising to 3.4%, market expectations regarding timing and number of rate cuts have shifted more dovish.](https://blog.syzgroup.com/syz-the-moment/sgs-under-pressure-on-long-term-swing-support-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jan 12, 2024, 10:51:03 AM

[View full post](https://blog.syzgroup.com/syz-the-moment/sgs-under-pressure-on-long-term-swing-support-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-1-0-0-0-0-0-0-0-0-0-0-0-0-0)

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