Sanctions have severely limited Russia's ability to defend the ruble; more sanctions on Russian banks and debt are likely.
We anticipate continued Treasury yield curve flattening.
Inflationary pressures likely to persist due to the conflict in Ukraine, complicating the task of central banks trying to engineer a soft landing.
Higher rates and more volatility demand a flexible approach.
Higher interest rates pose near-term challenges for stocks.
Although concerns over Fed hikes might be overblown, there are a number of other reasons to expect further market volatility.
Flexibility and a multi-sector approach, in our view, are particularly important in navigating today’s dynamic market.
While macroeconomic events may have dominated financial market narratives during the pandemic, fundamentals still matter.
Contact your T. Rowe Price representative to find out how we can take your plan to the next level.