RBC Financial Markets Monthly

Ordinary pain

The January 2024 edition of Financial Markets Monthly from RBC Economics includes a forward-looking analysis of Canadian, US and international financial market trends:

“We expect rate cuts from the Fed and BoC around mid-year, and the ECB and BoE in 2025."

  • The Fed’s willingness to discuss interest rate cuts sent markets rallying at year end
  • Elevated interest rates will continue to exert pressure on aggregate demand
  • Slower economic growth will be necessary for inflation pressures to fully subside
  • Interest rates will take longer to come down than they did to go up


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RBC Economics, Financial Markets Monthly, January 2024