Market Review from Realm Investment Management – week ending 9th December 2022
US stocks, especially small-caps, ended last week on a soft note after Friday’s producer price (PPI) data showed a rise of 0.4% in November. That’s higher-than-expected inflation data and all eyes will now be on the latest US CPI report tomorrow, Tuesday, in the hope it will indicate some slowing. The UK will also be releasing inflation data this week.
On Wednesday this week, the US Federal Reserve is expected to announce a hike in interest rates of a further 0.5% and investors will be keen to hear the central bank’s forecasts for inflation and interest rates. The Bank of England also has a monetary policy meeting this week; the BoE is expected to announce a 0.5% rate hike on Thursday.
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