Market Insight: 'Be patient' while Fed stays higher for longer

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Published Jun 1, 2024

Inflation in the US remained stubborn this month, with the PCE price index coming in at 2.7%. Matt Miskin of John Hancock Investment Management told Reuters that the Fed is moving further away from its inflation goal, and investors will have to be patient as they wait for a rate cut.

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Market Insight: 'Be patient' while Fed stays higher for longer | REUTERS

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