Published June 21, 2024
As we turn the corner into the second half of the year, we look at what some of the market’s leading investment houses see ahead. Here is Schwab’s mid-year outlook:
“As we move into the second half of 2024, economic and market expectations have increasingly diverged. Inflation appears to be moderating, but mixed signals on the strength of the labor market and other economic areas have made it hard for investors to gauge when the Federal Reserve might begin to cut short-term interest rates. Other major central banks are likely to cut their policy rates earlier than the U.S., although we still expect one to two Fed rate cuts this year. We believe inflation will continue to slow, but not in a straight line, potentially driving continued market volatility. (more…)