Interest rates USA v. ECB

In December 2023, the Federal Reserve held the fed funds rate at 5.25%-5.5% for the third time in a row, hinting at a 75-basis points reduction in 2024. Despite a slowdown in economic growth and a moderation in job gains, the unemployment rate has remained very contained.
On the other hand, the European Central Bank kept interest rates at multi-year highs for the second meeting in a row on Thursday, despite signs of slowing economic growth.