Economic Commentary

Will further Fed rate hikes lead to a recession?

October 18, 2022
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Highlights from the Monthly Review for October 2022:

Job growth remained above trend and the unemployment rate fell back to historic lows in September. The tight labor market (and rising wages) has kept consumer demand in decent shape despite high inflation. And growth appears to have picked up in the third quarter, with an expected boost from trade.

Key Takeaways:

Economic Review

  • The labor market is still strong as the Fed plans more rate hikes (pg 4)

Financial Markets

  • Markets take a beating as Fed tightening continues (pg 5)

The Outlook

  • The tightening cycle’s endgame is approaching (pg 6)

Will further Fed rate hikes lead to a recession? View the full report to learn more.

October 2022 Monthly Review


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