It’s a ‘Race Against Time’ for Rate-Cut Pivot

I’m Chris Anstey, a senior economics editor in Boston, and today we’re looking at the coming central bank pivots toward easing. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X (formerly known as Twitter) via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.

Call it the year of the pivot. After their most aggressive rate hiking cycle in four decades, key central banks in 2024 will be shifting to reducing borrowing costs.