Global Asset Allocation Team Market Update – July 2024
July 5, 2024 | Market Commentary, Public Markets
The first half of 2024 wrapped up on a solid note, as investor hopes for a so-called “soft landing” catalyzed a market rally that sent many global indices to new record highs. In a welcome development for both the Federal Reserve and investors alike, recent data revealed that the disinflation process in the United States resumed after stalling-out earlier this year – keeping alive the prospect for a Federal Reserve rate cut later this year.
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