Outlook 2024: Fed rate pause, EM bonds in focus
There are cautiously optimistic expectations that inflation will decline and the Fed's rate hike cycle has peaked. That opens up opportunities for emerging market bonds to shine, according to some investment managers.
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Cautious optimism or wishful thinking? Only time will tell.
As 2023 draws to a close, there is swelling hope that that the US Federal Reserve’s interest rate hikes have peaked.
While no one is betting on rate cuts just yet, a rate pause seems the next logical scenario.
Inflation is expected to decline globally in 2024 although the trajectory may be bumpy, noted Desmond Soon, head of investment management Asia ex-Japan at Western Asset Management.
“We are the peak for the Fed…
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