During the tightening cycle from October 2020 to August 2023, global interest rates were raised 507 times and lowered 65 times.
Subsequently, the Federal Reserve entered an easing cycle in August 2023. As of June 2024, global central banks have lowered interest rates 108 times and raised them 48 times.
Looking ahead, Bank of America's Hartnett predicts that in the second half of 2024, there will be at least 56 interest rate cuts and 3 rate hikes. &#34;This is beneficial for the bond market, especially in the case of a weak U.S. job market.&#34;
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Global central banks have been frequently adjusting their interest rate policies in recent years. According to the latest forecast, there will be at least 56 rate cuts and 3 rate hikes in the second half of 2024. This is favorable for the bond market, especially in the case of a weak employment market in the United States

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