Citi Chief Global Economist Nathan Sheets joins Yahoo Finance Live to discuss ongoing concerns about a global economic slowdown. Sheets says throughout 2023 central banks were "vigorous" with rate hikes, which he notes "slowed the global economy" but not as sharply as investors anticipated. He cautions headwinds persist from tighter policy, and is keeping watch on how banks restricting credit to households and firms unfolds. Sheets also highlights the "so-called tightening of financial conditions" resulting from hikes. However, he observes markets have remained resilient so far. Although Sheets believes central banks will likely be "reducing the amount of policy restraint" in 2024, he says this depends on seeing the pace of inflation continuing to dissipate. Overall, he notes aggressive tightening has moderated growth but financial stability risks remain. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

Read more --->