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Markets are blindly expecting the best – but inflation might not cool to the Fed’s 2% target until late 2024, says Federated Hermes’ top stock-picker

Inflation could remain a threat to markets for another two years despite the recent rally in equities, according to Federated Hermes’ top stock picker. Phil Orlando, the investment manager’s chief strategist, said in a recent interview that the bounce in stocks after the October inflation print …

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