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Flash Report May 2023

Uncertainty surrounding the US government debt ceiling piled on to uncertainty regarding monetary policy as sticky components of inflation have yet to fully recede with swift cumulative rate hikes. Equity indexes alternated between gains and losses throughout the month, fixed income declined as interest rates rose, and real assets generally retreated. While a building resolution to the debt ceiling could reach a final agreement the cost of debt will likely remain elevated and future rate hikes are not off the table.

WRITTEN BY | June 1, 2023


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