Earlier this month, the Federal Reserve chair Jerome Powell reinforced his belief that the Fed will cut its key interest rate in 2024, in line with the consensus among over 50 fund manager partners collected in an Endowus survey. The US central bank had confirmed that it is "not far" from gaining the confidence it needs in falling inflation to begin cutting interest rates.  The latest print of the personal consumption expenditures (PCE) price index, Fed’s preferred inflation gauge, remained above the 2% level. The headline PCE came in at 2.4% in January on a 12-month basis, and the core reading (excluding volatile food and energy categories) on an annual basis hit its lowest since February 2021. The Fed chair also voiced optimism regarding the US economy's continued growth, downplaying concerns about an immediate recession. But, the institution first wants to see more evidence that inflation is falling sustainably...