- Markets have been buoyed by the prospect of lower interest rates
- But investors should prepare for a bumpy path back down
2022 was a year of unrelenting rate hikes. In 2023, interest rates plateaued. And in 2024, it looks as though we will finally see interest rate cuts.
Since the 1960s, there have been 85 easing cycles in G10 economies. This means that past experience gives us a good idea about what generally happens to markets when rates are cut.