T. Rowe Price Cautiously Optimistic in 2024 Outlook, Favoring Large-Caps and Short-Term Bonds
- T. Rowe Price managers and strategists offer a yearly outlook on markets and the economy
- The investment firm has $1.3 trillion in assets under management
- They are cautious about U.S. markets and the economy in 2024
- They expect moderate economic growth and gradually rising inflation
- Managers favor large-cap stocks and short-term bonds over small-caps and long-term bonds