The Tell: The ‘great inflation surge’ will end in 2024 and rates will fall nearly everywhere, says Capital Economics

A handful of big themes are set to take hold in the new year, two of which are the likelihood that the U.S. will lead a drop in inflation across major developed markets that also produces a turn in interest rates.That’s the view of Neil Shearing, group chief economist at Capital Economics in London, who also expects economic growth to be weaker than expected for most countries in 2024. Soft growth, falling inflation, and lower interest rates should be accompanied by a bond market that rallies, he wrote in a note on Monday.Read: Bonds are flashing a ‘smile’ after historically bad stretch, a promising sign for 2024

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