Bassanese Bites: It’s about wages – December 19 2022
Week in review
Despite a lower than expected US consumer price index (CPI) result, global equities fell back for the second week in a row due to continued hawkish sentiment from global central banks. The pullback in equities has been associated with a levelling out in US bond yields and the US dollar after declines since mid-October. In short, the Fed has spoilt the Fed pivot party once again.
