AFMC - Global Economic Outlook: May 2024

2024-05-17 01:00:00 ET

Summary

• Following a run of stronger-than-expected in?ation prints, S&P Global Market Intelligence analysts now expect an initial rate cut by the Federal Reserve at December's meeting.
• Forecasts of initial policy rate reductions have been pushed back in countries operating currency pegs to the US dollar.
• Global consumer price in?ation edged down to 4.5% in March, according to our estimates, only slightly below the mid-2023 rate of 4.7%.

US monetary policy easing is set to begin later than previously forecast. Following a run of stronger-than-expected in?ation prints, S&P Global Market Intelligence analysts now expect an initial rate cut by the Federal Reserve at December's meeting....

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