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With labor markets and wages remaining resilient, most central banks will likely want further evidence that inflation is on a sustained downward path before making rate cuts, according to Franklin Templeton Fixed Income. Explore how central banks around the world are proceeding: https://lnkd.in/gt22pMar.

Great article from our investment management team discussing the impact of central banks starting to cut interest rates. #CentralBanks #InterestRates

With labor markets and wages remaining resilient, most central banks will likely want further evidence that inflation is on a sustained downward path before making rate cuts, according to Franklin Templeton Fixed Income. Explore how central banks around the world are proceeding: https://lnkd.in/gX2WBgVN.

With labor markets and wages remaining resilient, most central banks will likely want further evidence that inflation is on a sustained downward path before making rate cuts, according to Franklin Templeton Fixed Income. Explore how central banks around the world are proceeding: https://lnkd.in/exUxybHZ.

With labor markets and wages remaining resilient, most central banks will likely want further evidence that inflation is on a sustained downward path before making rate cuts, according to Franklin Templeton Fixed Income. Explore how central banks around the world are proceeding: https://lnkd.in/eB6ppGx3.

With labor markets and wages remaining resilient, most central banks will likely want further evidence that inflation is on a sustained downward path before making rate cuts, according to Franklin Templeton Fixed Income. Explore how central banks around the world are proceeding: https://lnkd.in/gyeH67kK.

With labor markets and wages remaining resilient, most central banks will likely want further evidence that inflation is on a sustained downward path before making rate cuts, according to Franklin Templeton Fixed Income. Explore how central banks around the world are proceeding: https://lnkd.in/gWf7TQWE.

With labor markets and wages remaining resilient, most central banks will likely want further evidence that inflation is on a sustained downward path before making rate cuts, according to Franklin Templeton Fixed Income. Explore how central banks around the world are proceeding: https://lnkd.in/eQZkXGbG.

“Call it the year of the pivot. After their most aggressive interest-rate hiking cycle in four decades, key central banks in 2024 will be shifting to reducing borrowing costs. The key question is whether inflation readings in coming months will allow policymakers to pivot quickly enough to blunt the impact of their past tightening—and head off a hard landing. Investors’ bets on a shift in the new year are backed by encouraging data on consumer prices, with gauges in advanced economies in October clocking their weakest gain in two years. Recent comments from inflation hawks such as European Central Bank board member Isabel Schnabel and Federal Reserve Governor Christopher Waller have also suggested a tilt away from tightening. 2024 is a transition year—it’s a turning point for the economy, it’s a turning point for monetary policy,” says Ellen Zentner, chief US economist at Morgan Stanley. “But what does that mean? Is it a turning point from growth to recession? Is a turning point from strong growth to slower growth?”