13th June 2022
After a positive start to the week, global equity markets fell as the weekend approached after the ECB outlined plans for higher Eurozone interest rates and US CPI inflation data for May disappointed. As expected, ECB policymakers yesterday (Thursday 9 June 2022) left interest rates unchanged.
23rd May 2022
Global equity markets have been on a roller-coaster ride this week, as the market appears to be waking up to what we have been arguing ad-nauseum about for months: that significantly higher interest rates won’t bring down inflation but will hurt economic growth.