The economic outlook for 2024 is taking an unexpected turn as economists at Macquarie have revised their predictions for interest rates, now suggesting a potential hike. What Happened: In a recent note, Macquarie’s strategists indicated that the likelihood of a Federal Reserve interest rate cut in 2024 is minimal, with the possibility of an interest rate hike, reported Business Insider. The economists had previously projected a series of significant rate cuts, driven by a slowdown in core inflation and a concerning rise in unemployment. However, the economic landscape has since shifted, with s…
