Home / Markets / News / US markets set for a year-end rally despite recession concerns: Chris Wood

US markets set for a year-end rally despite recession concerns: Chris Wood

A rally in the US markets amid hope of a softer central bank (US Fed) action going ahead, analysts believe, has the potential to fuel a rally in other global equity markets, including India

Premium

Chris Wood, Jefferies

4 min read Last Updated : Oct 31 2022 | 6:13 PM IST

US markets are set for a year-end rally despite looming concerns of a recession in 2023, believes Christopher Wood, global head of equity strategy at Jefferies.

ALSO READ: 'It will continue to be a rough ride, with few places to shelter'

Wall Street-correlated world stock markets, Wood believes, have taken some comfort from a Wall Street Journal (WSJ) article first published last Friday that focused on the potential for Fed tightening to slow after the assumed 75 basis point (bp) hike in the federal funds rate to 3.75 – 4 per cent at the November meeting. This, he

Topics : Reserve Bank of India Chris Wood Jefferies Chris Wood US Federal Reserve US Fed interest rate US Fed rate hike Interest rate hike global inflation Markets Ahead S&P BSE Sensex Nifty50

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in