Bank of America
- Central banks around the world are set to shift from raising to lowering interest rates in 2024.
- Moderating inflation and a resilient economy suggests the Fed has some breathing room.
- Bank of America forecasts that central banks will cut interest rates 152 times in 2024, the most since 2020.
Our Chart of the Day is from Bank of America, which forecasts that interest rate cuts from central banks are going to surge in 2024.
A combination of moderating inflation and an ideal level of economic growth suggests central banks around the world are beginning to transition from taming inflation to managing the business cycle.