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Major stories developing on the global economic front, including:

• Economic Tides Turning
• The Fed’s Forecast
• BOJ’s Rate Dilemma
• Oppenheimer Predicts Stock BOOM
• Billionaires Flock to Abu Dhabi
• Occidental on Purpose
• An ‘Epic’ Legal Battle
• Bond Market Shift
• Big Impacts on Small Businesses

Check out the FinWeekly roundup of the latest financial and market news for the week. In the U.S., economic shifts are anticipated in 2024 as central banks consider adjusting strategies following aggressive interest rate hikes in 2023. The Federal Reserve eyes potential interest rate cuts based on stable consumer prices, acknowledging challenges in reaching the 2% inflation target. Meanwhile, the Bank of Japan maintains a cautious stance on altering negative interest rates. Wall Street predicts a stock boom in 2024, while Abu Dhabi attracts billionaires seeking wealth safeguards through Special Purpose Vehicles (SPVs). Occidental Petroleum's $10.8 billion acquisition of CrownRock LP reflects a trend of consolidation in the oil sector. In legal news, a San Francisco jury deems Google's app store practices anticompetitive, potentially reshaping the industry. U.S. bond forecasters caution against expecting a year-end rally extension in 2024, and small businesses express caution amid rising interest rates, contributing to potential economic slowdown if borrowing costs persist.

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