Capital Economics: Most central banks will cut interest rates in 2024, with the Federal Reserve cutting rates particularly aggressively

Capital Economics predicts that most central banks will cut interest rates in 2024, with the Federal Reserve expected to make particularly significant cuts. Starting from March next year, it is highly likely that the Fed will lower interest rates by 25 basis points at each meeting. By early 2025, the target range for the federal funds rate will ultimately stabilize at 3.00-3.25%.