The current market context means there is an equally strong case for advisers to be bearish and bullish about the future, according to T.Rowe Price.
Speaking at PA360 North yesterday (4 October), capital markets investment specialist Ritu Vohura said that while inflation was coming down, core inflation remains sticky. "Central bank tightening takes 12-18 months to impact the real economy," she stated. "We are moving from a period of quantitative easing to one of quantitative tightening." Vohura told advisers that this shift was already seeing liquidity being pulled out of the market which still left the possibility of recession in 2024. Speaking about 2023, she said a ‘higher for longer scenario' was causing headaches in the bo...
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