Reported 22 days ago
A recent Bank of America survey shows that optimism about upcoming Federal Reserve interest rate cuts has raised investor sentiment for the first time since June. The sentiment gauge increased to 3.9, with fund managers anticipating a 79% chance of a soft economic landing. Despite this optimism, risk appetite has dropped, with investors leaning towards bond-sensitive sectors and consumer staples, while expecting the US economy to avoid a recession within the next 18 months.
Source: YAHOO