Higher rates of inflation around the globe required central banks, including our Federal Reserve, to raise interest rates to cool demand. After a modest contraction in GDP growth in the first half of the year, many are worried about a recession. Market Strategist Nancy Johnshoy, CFA, explores key factors impacting the economy and the financial markets including:
- The potential impact of the Federal Reserve rate tightening cycle on growth and jobs
- A once red-hot housing market that is cooling due to higher interest rates
- Continued strength in the job market and some very welcome news about increasing numbers of job seekers in August
- Weakness in both equity and fixed income markets in the face of heightened uncertainty about inflation, interest rates, and slowing global growth
The First Business Bank Quarterly Market Review, brought to you by our Private Wealth team, is an in-depth analysis of domestic and worldwide economic trends that affect your business and personal financial decisions.