Market Commentary
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The CPC Team
August 19, 2024
October 2022 Economic and Market Highlights
- Equity markets roared back in October, snapping a two-month losing streak, amid a mixed third-quarter earnings season.
- Inflation remained stubbornly hot, with Federal Reserve expected to raise interest rates by another 0.75% in November.
- A positive third quarter GDP print along with relatively stable jobless claims suggest a resilient economy.
- Attention will be on the Federal Reserve meeting, as investors look for any clue of a cooling jobs market that indicate a pause on interest rate increases.
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