The Kalahari Resort & Convention Center
The Next FOMC Meeting is January 31, 2024 with an 93.3% probability of no rate hike and 6.7% chance of a 25 basis point rate cut, according to CME Group's FedWatch Tool. Treasury yields rose after data showed US companies ramped up hiring in December and jobless claims came in lower than estimates, potentially indicating a slower normalization of rates. Citigroup, Inc. announced yesterday that it is closing its municipal bond division due to concerns with diminished fees. The CEO stated it is "no longer viable given our commitment to increase the firm's overall returns" and intends to completely wind down operations by the end of the first quarter.