Navigating the Uncertain Terrain of 2024 Interest Rate Cuts

Key central banks are expected to shift from raising interest rates to reducing borrowing costs in 2024. The concern is whether inflation readings in the coming months will allow policymakers to pivot quickly enough to mitigate the impact of previous tightening measures and prevent a hard landing. This pivot is crucial for debt-strapped companies and governments facing shrinking maturities and limited breathing room.