Luis Alvarez Investment action I recommended a hold rating for Korn Ferry (NYSE:KFY) when I wrote about it on 22 March this year, as I wanted to have more clarity on the Fed’s position on cutting rates in 2024. Based on my current outlook and analysis, I continue to recommend a hold rating. My key update to my thesis is that I no longer believe KFY is going to see growth recovery in FY25 as rates are likely to stay higher for longer, and this will continue to put pressure on hiring. Large companies cont ...