Fed's Daly: Three Rate Cuts Could Be Needed In 2024 To Avoid Over-Tightening - WSJ
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Investors cut cash holdings to a 2-year low - BofA's survey
December 19, 2023 5:07 AM ESTInvestor sentiment is at its most optimistic since January 2022, driven by the "Goldilocks 2024" outlook, indicating a soft landing scenario and diminishing inflation, as per Bank of America's global fund manager survey (GFS).
A notable 91% of respondents believe that Federal Reserve rate hikes are over, with a record 89% expecting lower short-term rates in the next 12 months.... More
