September 30th, 2022 It was another roller coaster ride for the market as investors closed the books on the week, month, and quarter on a sour note. With economic news being light this week, investors remained focused on the Fed’s aggressive monetary tightening and its potential to push the economy into recession. The prospect of…
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September 23rd, 2022 It was a brutal week for markets as the Federal Reserve announced its third consecutive 75 bps hike at the conclusion of its 2-day FOMC meeting on Wednesday. Wednesday’s hike marked the central bank’s fastest pace of monetary tightening since the early 1980s, and at a targeted range of 3.00% to 3.25%,…
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September 16th, 2022 Rising core inflation gave markets a rude wake-up call this week, throwing cold water on the market’s recent narrative that the Federal Reserve would soon pivot to a less aggressive posture. Core CPI surprised to the upside, jumping 0.60% in August. That was above estimates of a 0.30% rise. The month-to-month increase…
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