ChainCatcher news, in Bank of America's monthly global fund manager survey, 39% of investors surveyed believed that (Federal Reserve) monetary policy was too strict, the highest level since November 2008. Bank of America said this deepened people's view that global interest rates will fall in the next 12 months.

The survey found that the prospect of the Fed's interest rate cuts and a soft landing for the economy kept investors optimistic. The survey found that 68% of respondents expected the US economy to have a soft landing, 18% believed that it would not land, and 11% expected a hard landing. (Jinshi)