Growing conviction that central banks have concluded their tightening cycles has fuelled a rally in stock and bond markets over the past two weeks. And that conviction has been reinforced by some weaker-than-expected inflation data over the past few days. In our charts this week we weigh in on this and on other factors including:

·       Core inflation trends in advanced economies

·       The global growth consensus for 2024

·       The links between growth and interest rate expectations

·       Growing concerns in the US about higher interest rates

·       Japan’s disappointing GDP growth in Q3

·       Equity market fund flows in developed and emerging economies