Concerns over inflation and central banks are “rapidly diminishing” among global investors, the latest Bank of America Fund Manager survey has found.
Nearly half of respondents believed that high inflation keeping central banks hawkish was the main tail risk for markets in July. In November, however, this number fell to just 25% as geopolitical risk jumped to the top spot. The conviction that the Federal Reserve has reached the peak of its hiking cycle is now the strongest since investors began providing their view on the matter. According to the survey, over 76% of respondents believe the rate hike cycle is over, up from 60% the previous month. Global investors remain set on Goldilocks soft landing despite bearish stance Cons...
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