'Shift of thinking' sees US markets pricing in rate cuts for 2024

The US is seeing a "shift of thinking" on interest rates with markets starting to price in several rate cuts for 2024, according to CommSec’s Tom Piotrowski. “We have seen a very profound reappraisal of what’s going to happen with US interest rates over the course of next year,” Mr Piotrowski told Sky News Australia. He pointed out that this shift translated to the markets seeing their “biggest rally” since March 2020. “They fell about a third of a per cent last week.” Presented by CommSec.