In 2024, we are in for an election year of heightened geopolitical tensions in the U.S. and worldwide. In addition, the likelihood of the Fed guiding the U.S. economy to a safe landing with interest rates is still being determined. Besides, a global recession is still not out of the question. Octa has analysed the key factors and discussed two options for the global financial market moves in 2024.
KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 8 January 2024 – In 2023, we have seen global central banks struggle with inflation. Following interest rate hikes by central banks worldwide, global inflation has fallen from around 10% in the summer of 2022 to its current level of less than 5%. As a consequence of rising interest rates, higher asset return requirements have also become a drag on the global economy.
