 Now I don't know if you've started your Christmas shopping yet, but the new year isn't far away. And while a lot of us make new year's resolutions, UBS has been making some predictions. It's predicting that the US economy is going to roll into recession in 2024, driven by economic headwinds like rising unemployment and households that are simply running out of savings they've been using to support their spending. Anyway, that's the bad news. The potential good news is that UBS thinks inflation is going to come right down and that's going to lead to the Fed cutting interest rates by a whopping 275 basis points. Now that is more than four times what the markets are pricing in, but the Swiss bank reckons that falling inflation and then a desire to support the economy is going to lead to some pretty steep cuts in interest rates. The Fed's Committee on Monetary Policy has hiked interest rates 11 times since early 2022.