"Preparing for a Rate Cut-Free 2024: A Guide for Investors"

Bank of America's FX strategist suggests considering the possibility of no interest rate cuts by major central banks in 2024 due to sticky inflation and strong economic growth, contrary to market expectations. Policymakers' comments and concerns about inflation and geopolitical tensions in the Middle East have led to a selloff in the U.S. bond market and raised doubts about the extent of anticipated rate cuts. This "unthinkable" scenario could have implications for currency markets and is prompting investors to reassess their expectations.