TechFlow news, on October 8, according to Jinshi Data, Felipe Villarroel, portfolio management partner at TwentyFour Asset Management, said that in recent weeks investor expectations have become more aligned with those of the Federal Reserve. In a note, he said: "The U.S. Treasury market is currently pricing in two 25-basis-point rate cuts in November and December, consistent with the median of the dot plot." He stated that the Fed's base case remains a soft landing—declining inflation without damaging the economy and labor market—with growth near the 2% potential rate, requiring the neutral interest rate to be set around 3%.
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