It’s beginning to look a lot like a near-perfect soft economic landing. What will 2024 bring? We now expect:
- Inflation to fall to central banks’ targets by the end of 2024
- Interest rate cuts in the US, Europe and UK from April 2024
- A US Federal Reserve focused on inflation and growth
- A weaker US dollar, particularly against sterling.
Guy Monson explains why this could be a powerful positive combination for equities and corporate bonds.