Top U.S. asset manager Vanguard doesn’t believe the Fed will cut interest rates this year
Publishing timestamp: 2024-03-21 11:20:15
Summary
Vanguard and Sycamore Tree Capital Partners do not expect the Federal Reserve to cut interest rates in 2024, despite the view from Fed officials. The market rallied after the Fed left interest rates unchanged, with three major U.S. stock market indexes closing at record highs. Vanguard also believes the U.S. equity market is relatively overvalued. The Swiss National Bank surprised markets by cutting its main policy rate, while Vanguard expects the European Central Bank to reduce interest rates between four and six times this year.
Sentiment: NEUTRAL
Keywords: united states, breaking news: markets, european central bank, central banking, business news, world markets, prices, eur/usd, stoxx 600, federal reserve bank, american vanguard corp, switzerland, markets, interest rates, inflation,