Weekly Market Commentary – 9 January 2023

This week we have seen the new year begin almost exactly where 2022 left us. There are further indications that inflation may have peaked, while the US Fed has been busy telling markets that they are not taking its willingness to tackle inflation seriously enough. Other themes from 2022 which are likely to continue this year are the UK economy is set to lag other developed nations, while Covid retains the potential to disrupt the global economy due to its impact in China.

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