Co-Head of Citi's Banking, Capital Markets and Advisory division Tyler Dickson weighs in on the current 'complicated' economic environment.
Earlier this month it was revealed that inflation cooled on an annual basis for the first time in months in April, but rose more than expected as supply chain constraints, the Russian war in Ukraine and strong consumer demand continued to keep consumer prices elevated. The Labor Department said earlier this month that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.3% in April from a year ago, below the 8.5% year-over-year surge recorded in March. Prices jumped 0.3% in the one-month period from March.Those figures were both higher than the 8.1% headline figure and 0.2% monthly gain forecast by Refinitiv economists.
"From our perspective, the second half of the year, if we see some stability in the secondary market and some confidence in the economy and corporate earnings, we think the equity markets will open up and we’ll see some primary activity in various parts of the world, but particularly the U.S. market where I think we’ve got a great backlog," Dickson noted.
Source: News Formal (newsformal.com)
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