Analysis by Region - North America - US
Some of the rapid late 2023 move to price in rate cuts has been reversed in early 2024 trading, but we think markets remain too aggressively positioned, with the FOMC not likely to begin the rate cutting cycle until the May meeting. That could nudge Treasury yields slightly higher over the near-term, although yields should fall further as the year progresses, provided the improving inflation trend is sustained, as we expect.
- Please Note: Due to the brevity and/or nature of the content posted, there is no table of contents available for this report.
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