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Markets and Economy

Nationwide’s Chief of Investment Research and the Nationwide Economics team offer daily and weekly commentary and analysis of the equity and bond markets, including an overview of economic data being released, global market news, commodities and market performance by index returns. These timely insights can help you navigate markets and understand emerging trends.

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Economic Commentary
September 23, 2022 1 minute reading time.

The Fed announced a third consecutive 75 basis point rate increase as inflation trends remains hot.

The core CPI upside surprise for August highlighted the continued cost pressures across the economy as well as the long road back to a normal price environment. The Fed pushed through another 75 basis point rate hike in September while signaling further aggressive tightening ahead. But the damage may already be done as cuts in consumer activity and business spending in response to higher rates are expected to weaken growth sharply over 2023.  
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Economic Commentary
September 22, 2022 2 minute reading time.

The Fed stays aggressive: Daily Insight from Nationwide Economics

The FOMC lifted the federal funds target range by 75 basis points for a third straight meeting, to 3.00-3.25 percent. While the post-meeting statement was virtually identical to that put out in July, the committee’s economic projections were updated to show weaker growth, higher inflation, and higher benchmark rates than had been anticipated three months ago. 

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