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Odaily Planet Daily News The OECD released an economic outlook report. The report predicts that the inflation rate of the G20 will drop from 7.8% last year to 6.1% this year and 4.7% in 2024, which is still far above the goals of many central banks. The Fed's benchmark rate is expected to peak soon at 5.25-5.5%, with two "modest" rate cuts in the second half of 2024.


The OECD also said global growth would pick up only modestly next year as the full impact of central bank rate hikes had already been felt, undermining the boost from lower inflation. (Golden Ten)
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