SCIENCE OF WEALTH
The rate cut that never came, and the case for bonds
When – and not if – equities eventually wobble, the diversification benefit will be needed most
FOR most of 2026, the market’s working assumption was that the US Federal Reserve’s next move would be a rate cut.
As recently as April, a Reuters poll of economists had the Fed on hold until September and then easing. Traders positioned for it, strategists wrote around it, and investors tilted towards it.
Another reminder of why forecasting is a dangerous profession and potentially a costly one.
The Science of WealthBondsUS Federal ReserveCPFRetail investorsInvesting risksSupplementary Retirement Scheme
