Reports of inflation's death are greatly exaggerated, the co-chief investor of the world's largest hedge fund says.
With the inflation threat receding, investors anticipate the Fed will begin cutting rates soon, providing a boost to asset prices and economic growth. As a result, they've piled into stocks in recent weeks, and futures markets are pricing in a bunch of rate reductions by the end of next year. will remain elevated, and the Fed will defy expectations and keep rates around their current level.
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