January 22, 2024 BY Elizabeth Anderson
US equity fund outflows as rate cuts hover in indecisive limbo
Coupled with the previous week’s net $11.5bn outflow, this signifies a large disposal between 10 and 17 January. Financial analysts chalk this up to the positive sales report for December 2023 and the Federal Reserve’s negative response to anticipated policy rate cuts in March 2024. Reportedly, prominent US banks’ poor fourth quarter performance, such as…
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