NEPC’s Phillip Nelson was quoted in a recent Reuters article to discuss the firm’s stance on the market’s take on interest rates. View the article on Reuters’ site here.
NEW YORK/LONDON, Jan 29 (Reuters) – Global stocks surged on Monday, with the S&P 500 closing at a new record close and European shares hitting a two-year high, as markets slashed ambitious bets at the end of 2023 on interest rate cuts by the Federal Reserve and other central banks.
. . .
“Investors are trying to understand the outlook for the U.S. economy as it is unlikely to require the deep interest rate cuts by the Fed it has priced in, said Phillip Nelson, head of asset allocation at NEPC, an investment consultant for institutional investors in Boston.
Absent geopolitical shocks, the U.S. economy will grow better than expected with just a few areas underperforming, he said.”
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