Party mood in the City but beware inflation hangover
Evening Standard|December 14, 2023
FINANCIAL markets were swigging the Christmas sherry today after Fed chairman Jerome Powell effectively declared an end to the painful cycle of monetary tightening that has put a dampener on the global economy for two years now.
Jonathan Prynn
Party mood in the City but beware inflation hangover

The Dow hit a new all-time high, while over here the FTSE 100 put on more than two per cent as relief swept through trading floors in the City and Wall Street.

While it is great to feel a bit of optimism for a change, particularly at this time of year, it might be wiser for the markets to keep the champagne on ice for a while yet.

Inflation has fallen sharply but is still at elevated levels above the standard 2% target of most western economies.

هذه القصة مأخوذة من طبعة December 14, 2023 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة December 14, 2023 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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