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Portfolio Purgatory. Risk assets tumbled this morning off a hotter-than-expected inflation data release for the month of March. When are rate cuts coming, and what impact will they have on your bags?
Investors have gotten bulled up in recent months on the probability that inevitable rate cuts will ease economic conditions in the future and provide fuel for risk assets, but America’s Federal Reserve has long maintained that it will keep interest rates high to combat inflation.
Today’s elevated inflation prints, which came in ever so slightly above analyst expectations, seemingly caused investors to challenge these assumptions…
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