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Global equities markets could return 15% in 2023 after dismal 2022 outing: Goldman Sachs
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The markets had been banking on rate cuts by year end but traders are now rethinking their positions.
PHOTO: REUTERS
SINGAPORE – While some market watchers are now coming round to the idea that the US Federal Reserve is not yet done with raising interest rates, others believe that other factors, such as China’s reopening, could still provide a boost for share prices.
The United States central bank slowed its pace of monetary tightening at its meeting in January by raising rates by a quarter of a percentage point. That followed hikes of between half a percentage point and three-quarters of a percentage point in 2022.
