Equity markets delivered positive returns in the final quarter while fixed income returns
were flat.
Due to an improving labor market and stubbornly high inflation levels, policymakers are
set to reduce the unprecedented fiscal stimulus and unsustainable levels of monetary
policy accommodation.
Inflation became officially politicized when Democratic Senator Joe Manchin of West
Virginia cited it as the main reason for not supporting the Build Back Better fiscal bill.
The tightening of monetary policy and reduced fiscal stimulus in 2022 will create more
volatility across markets and the economy.
4Q, 2021 Commentary: Candyland
Summary
were flat.
set to reduce the unprecedented fiscal stimulus and unsustainable levels of monetary
policy accommodation.
Virginia cited it as the main reason for not supporting the Build Back Better fiscal bill.
volatility across markets and the economy.
Read and download the commentary here.
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