Higher rates are helping to slow down inflation at a pace the Fed is comfortable with such that further rate hikes may not be warranted. Both global equities and fixed income rallied over prospects that we may be approaching an end to central bank tightening with easing expected in 2024.
As we head into 2024 with consumer spending still quite strong, even with signs of a post-COVID slowdown, the economic environment appears to be shifting towards an Immaculate Slowdown, a corollary that sees a meaningful deceleration of economic activity (spending, investing, inventories) without resulting in a recession.
Benjamin M. Lavine, CFA, CAIA, RICP
Chief Investment Officer (3D)
Freedom Investment Management
Freedom Advisors clients can log in to access our full commentaries. Not a client? Contact us at 1-800-949-9936 or contact@freedomadvisors.com to get started.
Freedom Advisors offers a turnkey asset management platform (TAMP) with a complete portfolio management solution, comprehensive outsourcing of operations, and high-touch service to help advisors run efficient practices and deliver superior outcomes for their clients.
© Freedom Advisors. All rights reserved.