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EQUITIES COMMENTARY — Sep 07, 2022
Research Signals - August 2022
Central banks remained center stage, as Federal Reserve Chair Jerome Powell, in his speech at a central bank symposium in Jackson Hole, warned of 'some pain' to households and businesses in their fight against inflation. While stocks reacted negatively, and as global economic activity contracted for the first time since June 2020, according to the J.P.Morgan Global Composite PMI™, momentum shares extended gains into August (Table 1).
Table 1
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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.