The Federal Reserve seems to have navigated the U.S. economy to a soft landing, narrowly avoiding a recession despite bringing the benchmark interest rates to the highest level in 22 years. The aggressive hawkish monetary policy has brought the inflation rate down from the 40-year high of 6.8% in 2022 to 3.2% in October.
With the economy stabilizing, the Fed has signaled rate cuts coming in 2024, as the Federal Open Market Committee (FOMC) is expected to slash the federal funds rate three times in 2024. This should allow the U.S. to skirt a recession in 2024.
With broader economic headwinds, including worsening geopolitical conditions...
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