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