Vanguard Economic and Market Outlook for 2024

Vanguard's December 2023 report outlines the economic and market outlook for 2024, emphasizing a transition to a higher interest rate environment. The report discusses the implications of sound money, expected monetary policy changes, and forecasts for GDP growth, unemployment, and inflation across major economies. It highlights the challenges and opportunities for investors in a landscape marked by higher returns on bonds and a recalibration of asset class expectations.