cover image of March 2024 - Commentary

The U.S. employment market showed signs of slowing down in February, with a slight decline in job availability, as indicated by the latest employment trends index.

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In an unprecedented move, the Federal Reserve has elevated interest rates to their highest point in 22 years.

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Inflation's grip on the American economy appears to be loosening after more than two years of relentless pressure.

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The surge in stocks in 2023 has been noticeably concentrated and spearheaded by prominent technology stocks, raising questions regarding the underlying reasons for this trend.

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Interest rates might remain elevated for some time as inflation drags along. A series of broader systemic issues such as the ongoing banking crisis in the U.S.A., uncertainties related to the war in Ukraine and the re-start of the Chinese economy weight on some major companies in Europe and abroad.

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