[Bank of America Survey: Rate Cut Expectations Have Cooled Significantly, Geopolitical Conflict Replaces AI Bubble as 'Biggest Tail Risk'] Odaily Planet Daily News – The Iran war is reshaping the global investment landscape and forcing markets to drastically reassess the outlook for the global economy. Bank of America released its March global fund manager survey on Tuesday, showing that in the face of rapidly changing market conditions, investor optimism is fading, and they are beginning to hoard cash at the fastest pace since the COVID-19 outbreak in March 2020. With the outbreak of Middle East conflicts and the resulting surge in oil prices, the "biggest tail risk" in the eyes of fund managers has shifted, with geopolitical crises and inflation rebound officially replacing the previous "AI bubble." Rising inflation expectations have ruthlessly suppressed the market's original bets on rate cuts, with only a net 17% of asset managers now expecting the Federal Reserve to lower policy rates, compared to 46% in February. (Bloomberg)