The exuberance is stemming from easing inflation, rising growth and, topping it all, some certainty of a new interest rate regime next year. But economists caution against such exuberance, as loosening rates too fast and early could overheat the economy. If 2023 saw central banks single-mindedly focused on reining in inflation, 2024 would likely mark the beginning of the end of one of the toughest tightening cycles in recent decades. Further, Fed chair Jerome Powell confirmed that the central bank was “very focused” on not waiting too long to cut rates. Further, Fed chair Jerome Powell confirmed that the central bank was “very focused” on not waiting too long to cut rates.

Source: Indian Express December 15, 2023 23:45 UTC