Markets stabilize as seasonal headwinds shift to tailwinds
Equity markets have stabilized following a difficult two-month stretch that saw the S&P 500® Index fall by nearly 7%
Podcast: FOMC raises rates and keeps the door open for more
July 28, 2023
By Kathy Bostjancic
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Key Takeaways:
The FOMC raised the federal funds rate by 25 bps in July to a range of 5.25 to 5.5 percent – the 11th increase since March 2022.
- Could more rate hikes be on the way?
- What are the financial markets pricing in for the potential for more rate hikes?
- What’s the possibility of a soft landing?
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Sources/Disclosure
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The information provided by Nationwide Economics is general in nature and not intended as investment or economic advice, or a recommendation to buy or sell any security or adopt any investment strategy.
Additionally, it does not take into account any specific investment objectives, tax and financial condition or particular needs of any specific person. The economic and market forecasts reflect our opinion as of the date of this report and are subject to change without notice. These forecasts show a broad range of possible outcomes. Because they are subject to high levels of uncertainty, they will not reflect actual performance. We obtained certain information from sources deemed reliable, but we do not guarantee its accuracy, completeness or fairness.
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