December 2023 Market Update – Stocks and bonds rally in November

Many economists now believe that major central banks have come to the end of their hiking cycles

Stocks and bonds rallied in November on hopes central banks have
finally reached the end of their hiking cycles. Inflation is falling on both
sides of the Atlantic and analysts are generally expecting the US to
avoid recession with a so-called soft landing. The US Federal Reserve
(Fed) announced it would keep interest rates between 5.25% and 5.5%,
and has now left them unchanged for two meetings in a row