January 2023 Update – Inflation begins to cool as rates continue to rise

Central banks continued to increase interest rates although there were encouraging signs that inflation may have reached its peak.

January 2023 | Market update 

US markets rebounded when the Federal Reserve (Fed) hinted that it may not have to increase interest rates in 2023 by as much as expected. However, the markets fell back after employment numbers were released, which show the jobs market remains strong. A strong jobs market could mean a more resilient economy, which could keep inflation elevated.