May 18, 2022 7:00:00 AM | LGT Navigator
LGT Navigator: Regained short term confidence
Solid sales figures from the US retail sector as well as hopes for an easing of pandemic measures in China and, as a consequence, an easing of the tense global supply chains provided a more positive outlook and a renewed improvement in sentiment on the capital markets. Fed Chairman Powell, meanwhile, stressed that monetary policy will continue to tighten until inflation is contained. He said the Fed will not hesitate to raise interest rates above neutral if necessary to control rising prices. At the same time, ECB President Lagarde sent a clear signal that the ECB will raise rates in July.