Leading central banks are expected to begin cutting interest rates over the coming year as falling inflation fuels predictions among investors and economists.
Not long ago it seemed that even as the economy slumped, owners of stocks, bonds and houses only got richer. But as central banks battle inflation and governments rein in stimulus spending, the rules have changed.
At a seasonally-adjusted and annualized (SAAR) $3.284 TN pace, Non-Financial Debt (NFD) growth slowed from Q2’s SAAR $4.318 TN and Q1’s SAAR $5.438 TN.