These are the factors complicating investment decisions in 2024
Markets are looking for simplistic yes or no answers to complex questions. But economic reality is likely to be far less binary, and much more nuanced, than many participants and policymakers believe.
We tend to think about the economy in binary terms. Recession: yes or no? Will markets be up or down? Will interest rates rise or fall?
The answer to the latter question, at least in the US, appears to be “fall,” as the Federal Reserve held rates steady during its meeting last week while hinting that we could see as many as three rate cuts next year. That has, of course, buoyed stock markets, which have gone long on the soft landing story.
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Financial Times
Rana Foroohar is a global business columnist and an associate editor at the Financial Times, based in New York. She is also CNN’s global economic analyst.
