Market Intelligence—05.11.24
Macroeconomics
In the economy, the further development of interest rates and the presidential election in the US took centre stage. On the one hand, inflation has fallen significantly, but on the other, it is becoming clear, certainly in Europe, that we cannot be sure that it has been successfully brought under control. This also clearly shows that the interest-rate cuts that so many are calling for cannot be implemented as reliably as expected.