Catching up with a report from analysts at rating Agency S&P, they say they don’t anticipate the monetary tightening cycle in the US will ease in 2023, and before the Federal Reserve ‘clearly signals’ its intent to do so
Also:
- “surprisingly strong” demand will keep policy rates ‘higher
for longer’ for most advanced countries - Now see global GDP
growth at 2.9% for this year and next before climbing to 3.3% in the
years after
—
Federal Reserve Chair Powell spoke Thursday – no signal of lower rates for now from him:
Fed Chair Powell