Page 27 - Us Fed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The yen this month reached its strongest level since the end of July against the dollar as the Federal Reserve signaled a pivot to rate cuts next year while speculation lingers its Japanese counterpart is prepared to end the world's last negative interest rate policy. The European Central Bank and Bank of England are also expected to lower interest rates next year as inflationary pressure has subsided.

At the moment, the market is above 4,700, a gain of more than 22%. These forecasts were so deeply off the mark undoubtedly because 2022 was a truly terrible year for stocks - and also one that most analysts totally failed to foresee. So the predictions for 2023 were uncharacteristically modest, reflecting the gloom that prevailed when they were being set.

Going into the final week of 2023 and watching the start of 2024, most of the markets are likely to observe thin volume due to the holiday-curtailed week.

2024 will be a tale of two stories with the first stage in Q12024; the world witnessing a global slowdown and moderation of profit growth, ballooning of global debt and falling consumption due to high-interest rates.

Indian rupee opened little changed against US dollar even as Asian currencies were trading higher.