March 2023 / VIDEO
Recession Avoided?
Positive economic news in the near term could mean a more hawkish Fed, which would be a headwind for the economy and equity markets.
Equity markets started the year on a positive note, boosted by economic surprises in the U.S. and improved outlooks in China and Europe. In our view, favourable economic news in the near term could mean a more hawkish Federal Reserve, which would be a headwind for the economy and equity markets.
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Tim Murray is a capital market strategist in the Multi-Asset Division. Tim is a vice president of T. Rowe Price Associates, Inc.