Sage Advice 2Q24 Market Review + Outlook
July 16, 2024 — Cracks in the Goldilocks economic scenario began to emerge as we passed the midway point of 2024. After surprisingly positive momentum in Q1, a range of indicators across employment, inflation, and consumer data are now hinting that the excess savings that has shielded consumers from the impact of higher rates is running dry. We believe these trends will continue in the back half and give latitude for the Fed to cut at least once in 2024 and further in 2025. This should provide clear support for fixed income and initially be supportive to risk assets.
Featured Insights
Fixed Income
Waning Inflation Increases Likelihood of Rate Cuts
July 15, 2024 -- Last week’s soft inflation data and recent weakening labor make it increasingly likely that the Fed will cut rates starting in late summer. Interest rates...
Municipal Fixed Income
Municipal Fixed Income Perspectives — July 2024
July 15, 2024 -- This presentation provides an overview of our municipal market outlook and key themes, and it illustrates how Sage is positioned in the current environment.
Fixed Income
Fixed Income Investment Strategy — July 2024
July 8, 2024 -- Fixed Income Investment Strategy provides an overview of Sage's market outlook and sector positioning.