Investors are betting on interest rate cuts and an economic soft landing in 2024, after hopes that the US Federal Reserve has tamed inflation drove a powerful rally in the world’s biggest sharemarket this year, led by soaring technology stocks. The S&P/ASX 200 rose about 5 per cent over 2023, compared to the strong growth on Wall Street on the back of tech stocks: the S&P climbed 23 per cent and the tech-heavy Nasdaq soared 40 per cent. US shares were near all-time highs this week. The transition to a lower carbon economy is one factor that will shape 2024. Credit: AP Expectations about interest rate cuts have been a critical…
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