A ‘milestone’ moment: why economists think the global cycle of rate rises is over

The world economy is showing signs of a slowdown, fuelling investors’ hopes that inflationary pressures are easing.

In the US, Fed chair Jay Powell reaffirmed the central bank’s belief that it needs to keep rates higher for longer to account for the fact that growth has held up surprisingly well in the world’s largest economy.
In the US, Fed chair Jay Powell reaffirmed the central bank’s belief that it needs to keep rates higher for longer to account for the fact that growth has held up surprisingly well in the world’s largest economy.Foto: Elizabeth Frantz/Reuters/NTB
Publisert 25. September 2023, kl. 18.59Oppdatert 25. September 2023, kl. 18.59