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The Atlantis Report, 11/29/23
"Inflation Is Now Guaranteed,
'Rate Cuts In 2024' Signals Major Warning"
"Central banks in major economies including the US and European Union have raised interest rates aggressively for more than a year to curb inflation that reached 8.7% globally in 2022, the highest level since the mid 1990s. The most recent insights from the International Monetary Fund depict a volatile economic landscape, characterized by persistent struggles for the world economy to regain stability. Escalating food prices have a widespread impact across diverse demographics, resulting in a surge in demand at food assistance centers. The United States, grappling with a 40-year high in inflation at 9.1%, witnesses an increasing number of first-time families seeking aid due to soaring grocery prices and rising fuel costs. Meanwhile, the 2024 outlook indicates a trajectory of sluggish growth, heightened inflation, and geopolitical tensions that keep the global economy on the edge of uncertainty. Moody's indicates that elevated interest rates will affect households in the coming year, urging vigilance as central banks navigate unpredictable climate conditions and geopolitical events that could introduce volatility to energy and food prices in 2024. Inflation is now guaranteed, and rate cuts in 2024 are signaling major warning."
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