Economics

5.25-5.5% hold

Economy weaker than forecast

In line with expectations

Averaged 7.3% in Q3

Gita Gopinath

GDP growth just 0.8% in 2024

Unemployment falls to 3.7%

Concerns over hedge fund Treasury bets

Down to 8.7 million

Today’s investors face a challenging prospect of an oncoming recession and elevated market volatility, which may lead them to question their risk appetite and asset allocation. Against this backdrop, Fidelity’s fixed income team highlight the reasons why now is a good time to be allocating to cash in your investment portfolio.