Abbey Road Investment Views, Oct. 2022

Policy moves shake markets

• Interest rate expectations have risen further

• Bonds may offer opportunities (Focus p2)

• The US midterm elections loom (p3)

• UK tax cut shock, Swiss bank wobbles (p3)

• China and Italy watched

Overview

The Fed raised rates 75 bps in September (to 3.25%) and continued to talk tough. The betting now is that the Funds rate will peak in the 4-5% range early next year. Key will be the

behaviour of the economy and particularly the labour market.

Download the full Investment Views of the month below.

Abbey Road Investment views October 2022

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