For Institutional / Professional Investors Only
Welcome to the cio investment club. Our website is exclusively for institutional/professional investors.
Our content, which includes investment research, market analysis, and other informational material is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to sell or solicit any security.
By proceeding, you can confirm that:
- You are an institutional or professional investor in your jurisdiction (including, in the UK, professional clients under FCA rules, and in the US, accredited or qualified institutional investors under SEC rules).
- You understand that this website is not intended for retail or non-professional investors.
- You will not share content from this website with anyone who does not meet these eligibility criteria.
Acknowledgement:
Content on this website is intended only for institutional or professional investors and is for informational purposes only. It does not constitute investment advice, a recommendation, or an offer to sell or solicit any security.
Turning the corner - House View Q2 2024
Our view of global markets
All eyes are on the US…
- With the scene set for a historic cut in interest rates, US developments are more key than usual for global markets. Based on the latest data, we think the US economy is heading for a soft landing – the holy grail for central banks, where they dampen inflation without tipping the economy into recession.
- With a mild slowdown in sight, the most likely date for the US Federal Reserve (Fed) to cut interest rates is now July – a “pivot” that represents an official invitation to re-enter markets after the 2022 reset and should provide continued momentum to bonds and equities in the coming months.
- The question then is how rapidly – and by how much – the Fed cuts rates. On this score, markets expect much less than they did in late 2023. We have thought for some time that US rates will be only 75bps lower by the end of 2024 – at best. US labour market resilience may give the Fed pause for thought.
Allianz Global Investors
Wednesday 17th April 2024
DISCLAIMER
By downloading content from this page, you agree for the cio investment club to share your contact details with Allianz Global Investors so they can add you to their marketing contact list. The views and opinions expressed here are those of Allianz Global Investors and may not represent the views of the cio investment club.
