Don’t Expect the Fed, Bank of England to Return to Ultra-Low Interest Rates

Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

As we enter 2024, markets are somewhat unsettled. Investors spent much of December playing catch-up with the idea that the economy was not as doomed as they had feared, and that both inflation and interest rates were heading lower.