
Quarterly Insights | January 2023
Surging Inflation and Interest Rates Pressured Both Stocks and Bonds in 2022 Easing inflation pressures and a resolution of the fiscal turmoil in the United Kingdom fueled a strong rally in stocks and bonds early in the fourth quarter, but hawkish Fed guidance, disappointing economic data, and rising global bond yields weighed on markets in December. The S&P 500 finished…