Market Insight - September 2022

We have grown accustomed to swift and substantial changes in investor sentiment over the past nine months, both on the economic front and with respect to financial markets.

August was no exception in this regard; after July’s euphoric atmosphere, doubts gradually wormed their way into operators’ minds in the weeks that followed, building to outright concern in the wake of Jerome Powell’s speech to the world’s leading central bankers at Jackson Hole.

It is clear that the Chair of the US Federal Reserve extinguished all hope of an abrupt change in monetary policy direction under his leadership.

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