2024-05-21 16:02:45
A Financial institution of America survey discovered that 82% of fund managers count on the Federal Reserve to start reducing rates of interest within the second half of 2024, MarketWatch reviews. 78% consider that the Fed will perform at the very least two price cuts within the subsequent twelve months, Day.Az reviews as regards to Interfax.
Additionally, 78% of respondents think about it unlikely that the US economic system might slip into recession.
Excessive inflation was named as the primary danger for his or her funding portfolios by 41% of respondents. 61% of respondents count on to see a mixture of weak financial progress and above-average inflation over the following twelve months.
Geopolitical components stay the second-biggest danger, though the share of those that talked about them fell to 18% in comparison with 24% final month. 4% of respondents stated that the dangers related to the AI bubble pose the best risk to their portfolios.
The BofA survey included 245 buyers with greater than $620 billion in property underneath administration.