ACTV - Q1 2024 CIO Overview And Outlook
2024-03-27 11:58:00 ET
Summary
- Growth of the US economy continues to slow, but recession is elusive, though the risk of recession is rising.
- The outlook for the Fed seems to range from as many as seven rate cuts to as few as three.
- Growth of the US economy continues to slow, but recession is elusive, though the risk of recession is rising.
As the first quarter of 2024 ends, the US financial markets have dealt with a series of unusual and uncertain events. Federal Reserve policy-outcome prognostications have been valued and revalued by market forces, expressed in futures prices. Stock markets are influenced by the outlook for interest rates, and thus the US stock market reaction function shifts with changes in the forecast of what the Fed will do and when. The outlook for the Fed seems to range from as many as seven rate cuts to as few as three. The predicted timing of the first cut seems to get continually pushed back as market agents digest incoming data points....
Q1 2024 CIO Overview And Outlook