Bank of America survey: Investors expect Federal Reserve policy to impact prices in 2024
Bank of America's monthly survey of global fund managers shows that both bond and equity investors expect the Federal Reserve's policies to be a driving factor for prices in 2024. The survey reveals that the majority of investors anticipate a rate cut by the Fed, with only 3% of respondents expecting an interest rate hike.
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All three major U.S. stock indexes closed higher, reaching new record highs.
The US Dollar Index rose by 0.49%, closing at 97.349.
The Dow Jones Index closed up by 123.92 points, with both the S&P 500 and Nasdaq also rising.
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