But the rally faded this week pending the inflation data to the consumer in the United States next week and of the meetings of the Federal Reserve (FED)the European Central Bank and the bank of englandamong other monetary regulators in the world.
Fund outflows from emerging markets
Meanwhile, the outputs of emerging market debt funds stood at $300 million, recording 16 consecutive weeks, while emerging market equity fund outflows resumed at $800 million, following inflows in the previous six weeks.
BofA analysts expect the Fed meetings in December, February and March to define rate hikes that, the oil price declines suggest, could be around 50 basis points, followed by 25 basis points. and then nothing. Consequently, they expect the US central bank to stop raising rates in March 2023, but say the uncertainty in the market is justified.
And they claim that the end of rate hikes Whether it is a signal to buy or sell depends on whether the environment is inflationary or disinflationary: “Sell on the last rise in an inflationary world, buy on the last rise in a disinflationary world,” analysts recommend.
They expect inflation to fall in 2023, but point out that the three big themes for the 2020s: inflation, climate change and the shift from globalization to regionalization and from inequality to inclusion.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
