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The coming 12 months are shaping up as the year of the interest-rate cut, with the Federal Reserve poised to lead the charge for richer countries.
Traders boosted bets on how aggressively the Fed will lower borrowing costs this year after a report showed prices paid to producers continued to fall in December. Even so, the path to taming inflation will be bumpy, as a measure of consumer prices rose by the most in three months.
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Similar metrics in Norway and Chile eased in December, while Argentina ended the year with inflation above 200%. While inflation is mostly retreating around the world, soaring shipping costs and a jump in oil prices are stoking worries…
