Wither advanced economies’ post-peak interest rates?

There are good reasons why the interest rates in these major economies, particularly the US Fed Funds Rate, will remain elevated amid looming rate cut(s). — Bloomberg

THERE is a sigh of relief that advanced economies’ interest rates have peaked and are on their way down.

In June 2024, the European Central Bank (ECB) became the first major central bank to cut its interest rate post-pandemic, and the Bank of England did the same days ago.