Global equity funds face fourth week of outflows amid dampened Fed rate cut hopes

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Global equity funds face fourth week of outflows amid dampened Fed rate cut hopes
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Two youths charged with second degree murder | SaltWire #newsupdate #halifax #police #newstoday - Global equity funds recorded outflows for the fourth consecutive week as of April 24, affected by diminishing hopes of rapid Federal Reserve rate cuts this year amid a series of higher-than-expected U.S. inflation readings.

Recent inflation reports surpassed forecasts and tempered market expectations for Federal Reserve rate cuts. The markets now see a 70% likelihood of a cut in September — down from earlier projections of six cuts this year. Among equity sector funds, tech sector funds experienced outflows of approximately $770 million during the week, while consumer staples and healthcare funds saw outflows of $339 million and $275 million, respectively. Conversely, energy and industrial sector funds recorded inflows of about $544 million and $588 million, respectively.

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