May 2024 - Monthly House Views

Rate cuts are coming

Central banks are now set to pivot but will likely be out of sync. The European Central Bank could be the first to cut rates at its June meeting, followed by the Bank of England. Whilst inflation continues to fall in Europe, it has ticked upwards in some components in the United States. That said, there are signs that the US economy is finally starting to moderate. Could this be enough for the Fed to follow suit and cut rates in the second half of the year? What does this mean for investors and how does it impact our asset allocation?

Learn more in our May 2024 House Views by clicking on  the document below.