Global Stocks Rally as US Federal Reserve Signals Rate Cuts in 2024

Despite the Fed's pivot, European Central Bank maintain tight policy while Peru cuts rates amid retreating inflation.

US Federal Reserve signals three interest rate cuts in 2024, boosting investor sentiment and leading to a rally in global stock markets.
US retail sales rebound in November, defying estimates of a fall and suggesting the economy is still too strong to justify the kind of rate cuts baked in next year.
Inflation in the US is retreating faster than expected, with some products even seeing deflation.
European Central Bank and Bank of England keep policy tight well into next year, dashing hopes that the Fed's pivot towards rate cuts marked a global turning point.
Peru cuts interest rates for a fourth straight meeting to a 14-month low with inflation now in retreat, allowing policymakers to focus on reviving an economy stuck in recession.