January 2023 Market Insights
Published: 01/31/2023
Most major global stock indices had a very difficult year in 2022. Many central banks, including the U.S. Federal Reserve Bank, lifted interest rates to combat widespread inflationary pressures. This new and more aggressive monetary policy stance negatively impacted equity markets around the globe. Moreover, the sharp increase in interest rates also hurt bond prices, resulting in abnormally high negative returns on many fixed-income securities.