Fed is at cruising altitude, but still awaiting clearance to land

24.01.2024 13:31 - Schroder Investment Management (Switzerland) AG (LUX & CH)

Fed is at cruising altitude, but still awaiting clearance to land

Investors have fastened their seatbelts in anticipation of an imminent descent in US rates. But sticky wage growth is likely to keep a cautious FOMC in a holding pattern until later in the year.

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