A strategist at HSBC has predicted that central banks will begin to cut interest rates in the final meetings of the year. This forecast is based on expectations of a slowing economy and declining inflation.

The strategist believes that the global economic outlook is deteriorating, and that central banks will need to ease monetary policy to prevent a recession. While inflation remains a concern, the strategist expects it to gradually decline over the coming months.

If the strategist's prediction is correct, it could have a significant impact on financial markets. Lower interest rates could boost economic activity, but they could also lead to higher asset prices and increased inflation risks.