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"I really think the next move is going to be a cut, even if there isn't a recession, just because we're in a slowdown."
Inflation isn't around the Fed's 2% target, but some experts think it could happen as soon as next year.
"2024 will be a year in which currencies and the rest of the world can breathe after being dominated by the strong dollar trend" ING said.
US industrial production declined more than expected in October, with the auto workers strike exerting downward pressure on a range of market groups, the Federal Reserve said Thursday.Among the major market groups, output was mixed, with the impact of strike action "exerting downward pressure on a number of categories," including the index for consumer durables, which fell 5.8 percent.
The world economy has been kept afloat for a quarter century by serial bubbles. Each has masked the weakness of underlying growth.