Still to Come…
October 28, 2022
Two down, and two to go. Central banks in the West are still tightening, despite a backdrop of slowing global growth. Investors are looking beyond that, still hoping inflation will ease sufficiently in coming months to bring forward the eventual end to rate hikes. Big tech earnings missed badly as companies struggled against headwinds and failed to reign in expenditures. Markets punished them. But by Friday, spirits were recovering, and indices ended the week up once again.
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