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Flash Report October 2019

Stronger-than-expected corporate earnings in the US, improved US-China trade discussions, and a material shift in Fed policy and posture eased investor fears of imminent recession. The Fed’s move will likely extend the economic expansion and help sustain household spending. As a result, yields increased and yield curves modestly steepened, and the US dollar fell. The Fed’s patient and reassuring signaling reduced volatility significantly and reversed extremes of negative sentiment.

WRITTEN BY | November 1, 2019


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