Can The Fed Really NOT Cut Rates in 2024?

Policy Easing Looks Inevitable

The beckoning US Election Year is likely to focus investor both on economic prospects and on the potential for an easing of Fed policy. We remain more sanguine than the consensus about the World economy and expect inflation to fall quickly in 2024. This should allow a significant policy easing and herald a sequential move into the next ‘Calm’ phase of the Global Liquidity Cycle.