Interest rates are a hot topic! Earlier this year, many investors were convinced the U.S. Federal Reserve (aka The Fed, FOMC) was on track to reduce interest rates four times by the end of 2024. It now appears The Fed is in no rush based on the latest strength of the U.S. Economy.
Capital Group’s economist, Darrell Spence, talks about this. His three key takeaways:
- The U.S. economy can handle it
- Progress on inflation is stalling
- Financial markets are fine with status quo. (see graph above)
Read more here.
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