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Investment opportunities and risks beckon in 2023

The outlook for next year looks bumpy at the start – before becoming more promising as the year progresses

    • With inflation expected to trend lower in 2023, leading to a concomitant downshift in economic momentum, the expectation is that the Fed will pause its rate hike and is likely to even cut rates towards the end of next year.
    • With inflation expected to trend lower in 2023, leading to a concomitant downshift in economic momentum, the expectation is that the Fed will pause its rate hike and is likely to even cut rates towards the end of next year. PHOTO: AFP
    Neo Teng Hwee
    Published Wed, Dec 28, 2022 · 05:50 AM

    IT HAS been said that there is seldom a dull moment in the financial markets. And 2022 has indeed had its fair share of surprises.

    First, we had the pandemic turning endemic, and then the Russia-Ukraine war that till now shows no signs of ending.

    But the most pivotal development was the sharp rise in inflation globally, which jolted central banks – many of whom were behind the curve – to tighten rapidly.

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