Slowing growth versus rising rates?

Read about global markets and trends in the May edition of Investment Outlook

This monthly commentary gives a roundup of global markets and trends.

In this edition:

  • Global growth is slowing as the Ukraine crisis weighs on energy markets and China locks down to prevent the spread of the latest Covid strain
  • A buoyant labour market provides some hope for stock market investors, with jobless rates in the UK, Eurozone and US below pre-pandemic lows
  • Central banks remain committed to raising interest rates in the short term, but there are signs that US inflation is peaking
  • Any slowdown in inflation could temper the need for the Federal Reserve to raise rates aggressively

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