Part 10/14:
Inflation rates globally are also notable. The U.S. inflation has fallen below 2% to about 1.82%, and the UK inflation rate has dropped to 2.98%. These figures reflect a slowing trend, allowing central banks to consider rate cuts—specifically, an 84% probability of at least a 25 basis-point cut by May 2024 in the U.S.
Market sentiment remains cautiously optimistic, with survey data indicating the strongest confidence since 2005’s late 2000s. This evolving sentiment boosts equity markets and risk assets, aligning with expected policy easing.