Opinion
Next US inflation print could make or break 2024
Investors in aggressively long equities, real estate, junk bonds and private debt have been fervently punting on the likelihood of deep rate cuts this year to bail them out of a heavy pro-cyclical slump.
Christopher JoyeColumnistThe most important idea this column has been able to tender for 2024 has been the crucial role that services inflation will play in the pricing of all assets.
We began the year with the market expecting 175 basis points of cuts from the US Federal Reserve, which was projected to start in March.
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