Q3 22 | MARKETS FIXATED ON THE FINE PRINT OF U.S. FEDERAL RESERVE COMMUNICATIONS

INVESTMENT ENVIRONMENT EQUITY MARKETS FIXED INCOME MARKETS
Markets remain concerned that the US Federal Reserve will continue to move too far and too fast in the fight to tame inflation. Escalating macro concerns damaged sentiment and reversed an intra-quarter rally.  Past peaks in bearishness often coincided with market bottoms. Yields on short term bonds moved sharply higher and mid duration bonds quickly adjusted to revised central bank forecasts.

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