Welcome to my last Commentary of the year – one that hopefully gives you more optimism for 2024.
I am providing the latest dynamics that are unfolding around inflation and interest rates, along with the response of Central Banks and their thinking this week. With Labour way ahead in the polls, we consider what a change in government is likely to mean to financial markets courtesy of JPMorgan. Finally, we highlight the sectors in the market which are attracting interest for 2024.
This Week’s Agenda
- Inflation meets expectations in the US
- Central banks on pause
- What happens if we get a change in government?
- The outlook for 2024
Inflation meets expectations in the US
US inflation fell to 3.1% in November, moving closer to the Federal Reserve’s 2% target. The figures fell marginally from 3.2% in October. This was in line with expectations.
Falling energy prices helped enormously, dropping by 2.3%, whilst gasoline prices saw a 6% reduction.
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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.