Asset Class Commentary September 2023
All eyes continue to focus on whether global economies are slowing. Did central banks overstep the mark with interest rate hikes, and are we now going to see a recession?
Asset Class Commentary August 2023
A resurgence in investor confidence is again underway as equity markets have risen and bond yields have stabilised, at least in the short-term. How long this lasts will depend on the macro-economic data coming through for GDP growth and the labour market, with many predicting further volatility to come.
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.