2024-01-31 02:26:00 ET
Summary
- In the US, December’s Consumer Price Index rose 3.3% year over year, well off its peak of 8.9% in June of 2022, but still above the Fed’s 2% target.
- We expect labor markets to stay resilient in 2024, but with job creation slowing to more sustainable levels. This should continue to prop up consumer spending as well.
- Rate hikes have likely peaked, with cuts expected in 2024.
By Caglasu Altunkopru , Head of Macro Strategy - Multi-Asset Solutions | Aditya Monappa, CFA | Global Head - Multi-Asset business Development ...
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Multi-Asset Outlook 2024: Embracing The 'Less Exceptional'