Rubrics Morning Comment 10.04.24 – Rubrics – Asset Management

10th April 2024

State Street Sees Half-Point Fed Rate Cut as Soon as June

Asset manager forecasts 150 basis points of easing this year

Outlook bucks market consensus that rates will remain high

https://blinks.bloomberg.com/news/stories/SBH8W4DWRGG0

Barrage of Short Wagers Leaves Bonds Primed for Post-CPI Squeeze

Leveraged funds lift bearish bets for first time since January

Tuesday rally suggests negative positioning may be overdone

https://blinks.bloomberg.com/news/stories/SBOKTFDWRGG0

Fed’s Bostic Sees One Cut, But Leaves Door Open to Changing View

Says future data could lead him to project fewer or more cuts

Atlanta Fed’s Bostic says the economic risks are balanced

https://blinks.bloomberg.com/news/stories/SBOXV2T0AFB5

US Small-Business Optimism Falls to a More Than 11-Year Low

NFIB sentiment index declined nearly a point in March to 88.5

Sales expectations deteriorated, inflation still a top concern

https://blinks.bloomberg.com/news/stories/SBO9WUT1UM0W

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