After the 50-basis-point cut by the U.S. Federal Reserve on September 18, the central banks of developed countries are now officially in a synchronized rate-cutting cycle.
Highlights:
- The Fed kicked off its cutting cycle with a 50 bps move in September, officially launching the synchronized-rate-cutting global cycle.
- History suggests that markets prefer episodes where the Fed overdelivers on market expectations, which we feel is unlikely to happen this time.
- Our view on equities and fixed income remains positive, and Chinese equities have come onto our radar as an interesting short-term play
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Your experts
Sébastien Mc Mahon, MA, PRM, CFA
Tuyen Tran, M.Sc., CFA |
"iAGAM" is a tradename under which iA Global Asset Management Inc. and Industrial Alliance Investment Management Inc. operate.
