by Flavio Carpenzano and Peter Becker, Investment Directors.
- Uncertainty over inflation and central bank policy is likely to remain high during 2023 with a wide range of possible outcomes for investment returns.
- We have modelled a range of potential scenarios in terms of cyclical versus structural inflation and how the US Federal Reserve would react, plus potential equity and bond returns in these environments.
- Our analysis points to one clear implication: the importance of investing in fixed income.
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