The recession question: 2024 may be “a tale of two halves"

That’s the view of Vanguard Global Head of Credit Chris Alwine, who discussed Vanguard’s economic forecast with Barron’s in their recent article, “Vanguard Is Bullish on Bonds, but Watch Out: It Sees a Recession Approaching Later This Year.”

Alwine emphasizes the delicate balance of the Federal Reserve when it comes to interest rates and the trajectory of the U.S. economy later in 2024. Despite the caution, Vanguard sees potential in pockets of the bond market. 

Read the full article in Barron’s, which covers:

• Our experts’ takes on the likelihood of a recession.
• Our outlook on inflation, rising rates, and the Fed.
• Promising opportunities in municipal and corporate bonds.
• The launch of two new index municipal bond exchange-traded funds, Vanguard Intermediate-Term Tax-Exempt Bond ETF and Vanguard California Tax-Exempt Bond ETF.

Read the article here.

Related links:

• Vanguard Active Fixed Income Perspectives Q1 2024: Yield Mountain
• Our economic and market outlook for 2024

Notes

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