US inflation has continued its decline, with the headline figure falling from 3.2 percent to 3.1 percent in November.
Isabel Albarran, an investment officer at Close Brothers Asset Management, said this reading may help lead the US Federal Reserve to cut interest rates in the near future.
“While the necessary conditions for rate cuts have not yet been met, we see the evidence going in the right direction.”
Rate cuts are not imminent, she explained, but “grow...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
