Economics
When Will the World Shift to Rate Cuts? More Investors Say 2024 or Later
- Confidence grows that inflation has peaked, BofA survey shows
- More respondents see Treasuries as an attractive hedge
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More investors are pushing back expectations for when global central banks might pivot to policy easing following the current tightening cycle, even as confidence grows that inflation has peaked.
A growing number of fund managers now expect a broader policy shift in 2024 or later, according to a Bank of America Corp. survey released Friday. Roughly a third of respondents foresee that timeline, up from about a quarter last month.