Economic growth conditions have continued to be better thanexpected, providing a solid backdrop for financial asset prices andbusiness fundamentals. However, the combination of strong growth, ahealthy labor market, and above-target inflation has dampened theFederal Reserve's (the Fed's) willingness to meaningfully cut interestrates this year, Short-term rates above 5% have kept the lid on buyoutdealmaking activity despite optimism from market participants that thedam of pent-up activi
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