Focusing on high quality and liquidity when taking risk in portfolios will be key in 2023, as pressure on monetary policy remains intense.

High quality fixed income investments can help center portfolios while offering attractive yield potential amid a likely recession in 2023.

The European Central Bank is likely to continue hiking rates next year, but the end point remains uncertain.

Falling prices for cars and holiday discounting contributed to softer U.S. inflation, creating more room for the Fed to potentially dial back its hawkish stance.

How we’re thinking about investing against a backdrop of inflation uncertainty, geopolitical tension, and likely recession.