Market Update – 8th February 2023.

Global equity markets have had a positive start to the week thanks to better-than-expected company earning statements and comments from the Fed Chair, Jay Powell.

While Jay Powell last night (7 February 2023) stated that higher interest rates may be needed in the US if the strong employment market continues to strengthen, inflation is clearly slowing.  In fact, his comments chimed with ours:  a large part of today’s inflation relates to coronavirus disruptions and that inflation should see a significant decline over the course of 2023.

Investment Management Team

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