US Fed chairman Jerome Powell speaks at the Brookings Institution in Washington, DC on November 30. Investors are concerned that the central bank’s resolve to keep raising rates could tip the economy into a recession. Photo: Bloomberg
US Fed chairman Jerome Powell speaks at the Brookings Institution in Washington, DC on November 30. Investors are concerned that the central bank’s resolve to keep raising rates could tip the economy into a recession. Photo: Bloomberg
Tai Hui
Opinion

Opinion

Macroscope by Tai Hui

Bumpy 2023 for markets as central banks face high inflation and low growth

  • Risk of policy error is rising as policymakers work to cool inflation without putting out demand, especially as growth slows in the US and Europe
  • Inflation in Asia is less of a challenge but Japan’s situation is precarious and policymakers must be vigilant

US Fed chairman Jerome Powell speaks at the Brookings Institution in Washington, DC on November 30. Investors are concerned that the central bank’s resolve to keep raising rates could tip the economy into a recession. Photo: Bloomberg
US Fed chairman Jerome Powell speaks at the Brookings Institution in Washington, DC on November 30. Investors are concerned that the central bank’s resolve to keep raising rates could tip the economy into a recession. Photo: Bloomberg
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