A Bank of America survey shows that investors believe the Federal Reserve's monetary policy is too tight

ChainCatcher news, in Bank of America's monthly global fund manager survey, 39% of respondents believe that the (Federal Reserve) monetary policy is too tight, the highest level since November 2008. Bank of America stated that this deepens the view that global interest rates will decline over the next 12 months.

The survey found that the prospects of a Federal Reserve rate cut and an economic soft landing keep investors optimistic. The survey revealed that 68% of respondents expect the U.S. economy to have a soft landing, 18% believe it will not land, and 11% anticipate a hard landing. (Jin Shi)