This Macrocast Report by AXA Investment Managers highlights key economic and monetary policy developments across major economies as of December 2024.
• ECB Forward Guidance: The ECB signaled further rate cuts after removing its "sufficiently restrictive" policy stance, with rates expected to move into accommodative territory by late 2025.
• Fed Rate Strategy: The Fed is likely to slow its pace of rate cuts, potentially delaying planned easing into 2025 amid resilient inflation and fiscal stimulus under Trump administration policies.
• Global Dynamics: France faces political complexities over fiscal policy, while Switzerland navigates unconventional monetary challenges with cautious rate adjustments.
For detailed insights and investment implications, access the full report.
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