The Outlook for Stocks and Bonds in 2024
I am quoted in the International Business Times:
David I Kass, Clinical Professor of Finance at University of Maryland, believes that the rally in stocks and bonds will broaden in 2024, not only in the U.S., but also in Europe, too. In addition, he provides a good insight on the direction of interest rates and the U.S economy.
“The Federal Reserve’s economic projections released on December 13 indicate a likely reduction in the Federal Funds rate from 5 1/4% – 5 1/2% currently to 4 1/2 – 4 3/4%, or three cuts of 1/4% each in 2024,” Kass said. “Core PCE inflation is also projected to decline from 3.2% in 2023 to 2.4% in 2024. The historically low U.S. unemployment rate of 3.7% is projected to increase to only 4.1% in 2024.”
