T. Rowe Price has shared some influential themes for the year ahead.

As the new year kicks into gear, T. Rowe Price has outlined five key themes that the investment management organisation expects will influence financial markets in 2023.

Tim Murray, capital markets strategist, multi-asset division at T. Rowe Price, said in a recent note that, after beginning 2022 at elevated levels, equity valuations quickly adjusted downward when investors realised that significant interest rate hikes were looming.