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Ed Yardeni of Yardeni Research predicts the Federal Reserve will maintain current interest rates, citing a resilient US economy. Strong consumer spending and robust tech investments underpin his outlook, with no rate cuts expected in 2024.
- Yardeni expects the Fed to hold interest rates steady, citing economic resilience and strong consumer spending.
- Technology capital spending remains robust, accounting for over 50% of total capital investments.
- Demand for US Treasuries stays high, with yields stabilizing despite temporary spikes in 2023.
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