HSBC Life sees no evidence of incoming rate cuts

A number of asset classes have risen in value in 2023, in large part because investors have been betting that the Federal Reserve will soon move from raising rates to cutting them, a move that William Chan, CIO of HSBC Life says is not evident in the data he has seen. The US Federal Reserve has pushed interest rates higher for more than a year in a bid to reign in high inflation — driving interest rates to levels not seen since the late 2000s, before the global financial crisis. …