Higher for longer


On uptrend: Traders work on the floor of New York Stock Exchange. The US equity market, which was last seen at a fresh record high, is expected to continue its ascent in 2024. — AFP

NO, it is not another call that global interest rates will be held up higher for longer – a message that has continuously been communicated by the US Federal Reserve (Fed).

On the other hand, it is a call that the US equity market, which was last seen at a fresh record high, is expected to continue its ascent in 2024.

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