Asset Class Commentary July 2023
To skip or not to skip – this was the Fed’s main dilemma this month. In the US we saw the Fed pause its policy of raising interest rates for this month, opting instead to hold rates as they are. This prompted investors to question Fed Chairman Jerome Powell’s thinking. The Fed’s rhetoric was that although they are skipping an interest rate rise this time, they are on track to raise rates next time. We discuss why this happened and the rationale later in the article.
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June 2023 Client Newsletter
Cast your mind back to the early 1990s, if you can. John Major was Prime Minister and his successor as Chancellor, Norman Lamont, ran a distinctly different income tax strategy from the current incumbents of 10 and 11 Downing Street. Just how different was highlighted in recent research published by the Institute for Fiscal Studies (IFS).
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Asset Class Commentary June 2023
While markets were panicking about the US debt ceiling last month, they temporarily forgot about interest rates and inflation (phew..!). Now that this issue has been resolved market focus has moved back onto the macro-economic environment.
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Major pension changes introduced by Spring Budget 2023
The 2023 Spring Budget produced some of the biggest, most wide-ranging changes to pensions legislation since the “Pension Freedom” reforms of 2014. The statement was a surprise to say the least.
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Asset Class Commentary May 2023
The grass isn’t always greener on the other side. Gardening and investing do have something in common!
Inflation in the US and Europe has been dropping at an increasing pace while in the UK inflation is still in double digits.
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