Bassanese Bites: Pivot party – October 24 2022
Global Markets
Global equities saw reason for optimism last week, helped by a UK U-turn and media reports the Fed will scale back the size of rate hikes in December. Of course, the Fed is still on track to hike by another monster 0.75% next week and is likely to hike by a still large 0.5% in December – but hey, 0.5% is smaller than 0.75% so it’s time to party!
