1stQuarter2023SVBAssetManagementviewsoneconomicandmarketfactorsaffectingglobalmarketsandbusinesshealthOverviewDomesticEconomyForeignExchangeCentralBanksandFiscalPolicyCorporateBondMarketMarketsandPerformanceTheUSdollar(USD)bullruntakesapause.TheUSDreversedsharplyinQ4asFedratehikesbecamepricedinandglobaleconomicconditionsimproved.FurthertighteningofmonetarypolicybytheFedislikely.TheFedremainsfocusedonloweringinflationtoitstarget2%rate,andongoingincreasestothefedfundsrate,albeitlessaggressive,areexpectedinthenearterm.CorporatecreditspreadstighteninQ42022.IndicationsthatthepaceofFedpolicytighteningwouldslowalongwithsignsofcoolinginflationcontributedtocorpora...
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