Resilience, refinancing and recession risk – this is expected in the fourth quarter
Markets have so far proved resilient to the prospect of a recession, but whether this will continue to be the case is far from certain. The last quarter of the year is usually a good indication of what to expect in the future – based on this, Fidelity outlines three themes that will define the markets on the threshold of 2024.
Inflation decreased during the third quarter, but we must take into account that the picture behind the headline data is much more nuanced. Some signs indicate that the effect of the tightening of monetary policy is not taking effect in the real economy as quickly as the central banks had expected. For example, quite a few companies are already receiving interest income from their money placed in the deposit, but (since they have entered into a multi-year contract) they are not yet paying more for their loans taken out at ultra-low interest rates during the epidemic. Fidelity’s experts believe that the transmission mechanism is rather delayed, but not derailed, and the situation could turn around quickly, especially if companies start refinancing their loans next year.
Fidelity analysts, meanwhile, expect modest price increases overall over the next six months, citing supply chain pressures in some sectors such as industrials and telecoms. So far, the Fed has not found a solution to the problem of inflation.
Related news
The interest rate saga is over: banks compete for savings with promotions
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >This is what will entice Hungarian buyers to buy in September
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >A unique program is launched for the mental and physical health of teenagers
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Dr Zoltán Pogátsa on the Hungarian economy: neither the golden age, nor an apocalypse
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Eurozone GDP grew by 0.1 percent in the second quarter compared to the previous quarter
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >KSH: industrial production decreased by 1.0 percent compared to the same period of the previous year, expanded by 2.0 percent compared to the previous month
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >