Following a disappointing July jobs report, investor expectations for a Federal Reserve rate cut in September surged.
Last week, fears over the US economy slowing more than initially thought took center focus as the major indexes experienced the worst single-day drop.
Recession risks climbing back onto radar of professional forecasters and for good reason. Data is pushing economists to reassess near-term outlook.
Fixed income has historically served as portfolio ballast—providing stability, predictable income, and downside protection during equity drawdowns.