The Federal Reserve’s steps to combat inflation by raising borrowing costs had wide-ranging effects on asset values, including everything from stocks to cryptocurrencies. Falling valuations last year dampened mergers and acquisition activity for a variety of industries including telecom, media and technology.
Bankers are hoping to see more signs of recovery going into 2023, even as hostilities such as the war in Ukraine cloud the geopolitical picture.
“There are still uncertainties as it relates to macro, but it feels like we have a handle on where things are going,” Terence Kawaja, CEO & Founder of LUMA Partners, said in this interview with Beet.TV contributor Mike Shields at the IAB Annual Leadership Meeting.
Click the link to watch the interview: Beet.TV