The Business Times
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OUTLOOK 2024

Powell pivot splits views on Fed rate scenarios for 2024

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Yong Jun Yuan

Yong Jun Yuan

Published Tue, Dec 19, 2023 · 05:00 AM
    • Interest rate expectations appear to have fallen since the dovish statements made by US Fed chair Jerome Powell on Dec 13.
    • Interest rate expectations appear to have fallen since the dovish statements made by US Fed chair Jerome Powell on Dec 13. PHOTO: REUTERS

    HIGHER-FOR-LONGER has ceased to be the consensus position on interest rate directions next year. Instead, investment managers are increasingly divided over how the United States Federal Reserve will move in 2024.

    BlackRock Investment Institute’s chief Asia strategist Ben Powell is among those who still expects interest rates to remain elevated.

    Even though inflation has come down, he noted that it remains significantly above the Fed’s targets.

    Interest ratesUS Federal ReserveCentral banksBanksReitsOutlook 2024

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