Implications of the Tough-Talking Fed Source: Picton Mahoney Asset Management Publish Date: Oct 13, 2022 Inflation concerns persist in the final quarter of the year. We had previously looked forward to signs of a recovery rally toward the end of 2022, but one of the three conditions – the U.S. Federal Reserve willing to pause its aggressive tightening stance – appears unlikely. The other two conditions – inflation reaching its peak and the economy stabilizing – could soon be in place. But we remain concerned that equities may hit new bear market lows before they can stage a meaningful rally. To read the full report, click here.