This month, as I build out the FTSE350 portfolio further, I look to acknowledge the shifting tide of the global economy as central banks prepare for interest rate cuts in 2024.
In many respects 2023 has been a gloomy year for equities. Stubbornly high inflation and perpetual increases in interest rates haven’t brought much cheer to share prices. However the market is forward looking in nature, and with key inflation numbers over the last few months of the year showing a cooling economy, confidence is building that the U.S and European central banks will take steps to loosen monetary policy next year, which has sent investors scrambling to buy shares, driving positive returns in December for global markets.
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