In this October market update, Caleb Tucker, CFA®, Director of Portfolio Strategy, reviews this month’s market trends. The single most important data point for economies and investors continues to be inflation. Some of the key points for October’s update are:
- The acceleration in core inflation is concerning and solidifies expectations for the Federal Reserve to continue aggressively tightening their policy to combat inflation.
- Uncertainty continues to swirl around Europe, with concerns over their energy supply and cost at the top of the list.
- The hot inflation data pushed yields even higher, as the bond market adjusted expectations to account for more aggressive rate hikes from the Federal Reserve.
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