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The median year since 1928 has experienced a 13% intra-year drawdown in the S&P 500, making 2023 relatively mild by comparison. The 7.8% pullback in February-March is the largest thus far.

00:01 - 28/08/22

U.S. Inflation Surprise Index from Citi is sitting at its lowest since April 2020

A heated rental market in housing hotspots across Europe is compounded by increasing mortgage costs deterring buyers

For the first time in a few years nominal wage increases for most Americans have started eclipsing the rate of inflation. That means they’re enjoying real income growth, giving them greater latitude to fund their spending from earnings rather than savings

For global oil markets, a US-Iran deal is already happening as US officials privately acknowledge a lighter touch in enforcing sanctions