Inflation has reduced expectations for rate cuts, dropping from seven projected cuts in December 2022 to just two-three by the end of 2024. This outlook remains fluid, influenced by upcoming US inflation data and Federal Reserve guidance. While interest rates may have peaked, the duration of the Fed's rate hold remains uncertain, causing market volatility. There is even a plausible scenario where no rate cuts occur in 2024 if inflation stays higher than expected, though this is