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Flash Report September 2023

Equity and fixed income markets fell together for the second month in a row alongside modest signs of declining core inflation. The Fed held off on another rate hike but warned the fight against inflation is not over and indicated that rates may stay higher for longer, while leaving another rate hike on the table. Consumer confidence dropped amid a rise in oil prices and the federal government faced a potential shutdown until a temporary solution passed after the final day of trading, leaving a cloudy end to the quarter.

WRITTEN BY | October 2, 2023


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