Posted 11/21/2023, 3:52:05 PM
Investors Optimistic on Economy Despite Headwinds, But Rate Cuts May Not Come Until 2024
- Bullish investors expect Fed to reach 2% inflation target and economy to recover
- Conflicts abroad, high mortgage rates, slow Congress weigh on US/global economies
- Recent stock rally, Big Tech gains lead some investors to misguided bullish views
- BlackRock strategist expects Fed to begin rate cuts in 2H 2024 as conditions loosen
- Financial conditions loosening means less tightening work being done for Fed