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Boston Manulife: Market expectations for Federal Reserve rate cuts are too aggressive
Nathan Thooft, a senior portfolio manager at Manulife Investment Management in Boston, said that market expectations of a rate cut by the Federal Reserve were too aggressive given that the U.S. economy still compares relatively well with the rest of the world. Therefore, he expects future declines in the dollar to be limited and does not have enough confidence to make big currency bets.
2024-08-30 11:46:36
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