Please find below our Investment Market Update as at 10th February 2023.
Treading the tightrope
With economists, analysts and investment houses scrutinising every single word spoken, the Federal Reserve Chairman, Jerome Powell, is treading a tightrope whenever he speaks.
On Tuesday night he seemed to encourage investors to think in more bullish terms when he spoke at the Economic Club of Washington. He said “the disinflationary process, the process of getting inflation down, has begun and it has begun in the goods sector. We expect 2023 to be a year of significant declines in inflation. It is actually our job to make sure that this is the case”.
This was reported In Investment Week with the author stating that Powell continues to walk the tightrope between being too upbeat or overly negative. As Powell said, “the reality is that we are going to react to the data”.
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Please Note: This communication should not be read as giving specific advice regarding your personal circumstances. This would only be given following detailed assessment of your individual needs. The value of investments may fall as well as rise; you may get back less than invested. Past performance is not necessarily a guide to future returns.