Rate hikes and tighter financial conditions drove fixed-income returns lower in 2022. Heading into 2023, we should see the economy slow pretty dramatically. I don’t think that we’ll see a repeat of 2008 or 2020, in which the slowdown was extraordinarily deep in specific areas of the economy.
To read this article, you need a subscription to Investment Officer. If you don't have a subscription yet, click on 'Subscribe' to see the various subscription options.
