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October 24, 2022

And just like that, markets have tacked on another +0.25% of rate hikes.

Markets are now expecting rate hikes by the Fed of: +0.75% in November, +0.75% in December, & +0.25% in February/March 2023

Higher rates have pushed down market multiples this year.

Source: thedailyshot, TS Lombard

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