After a long year of rising inflationary pressures, November 2022 markets now highlight change of pace heading into 2023.
After the November 2022 Fed meeting, investors raised their outlook for monetary policy tightening heading into 2023.
In another extremely volatile week, the latest news saw mortgage rates hit 2007 highs as the UK passed new tax cuts.
This week saw the release of the highly anticipated August 2022 Employment data. Overall, the report displayed mixed results for the labor market.
Although the latest core PCE met expectations, investors grow increasingly concerned with slowing global economic growth.
In a light week of economic reporting, the major news encompassed the latest GDP reading, which fell to the lowest level since spring 2020.
This week, mortgage rates continued their shockingly swift while Powell tightened monetary policy further.