Economy & Markets
July 2022 Commentary: Will the Fed's Rate Resolve Lead to Recession?
After a barely positive May, June saw the bear market return across indices. We ended up with the worst first half performance since 1970. A mid-month surprise 75 basis point rate hike at the June FOMC meeting, followed by Fed Chairman Powell’s testimony to Congress in which he indicated aggressive rate increases at the July and September meetings, convinced markets that inflation is the priority for the Fed.
August 2022 Commentary: Will a Month of Fresh Data Change the Fed's Aggressive Stance?
July marked the best month for the markets since November 2020.What happened, after the rout of the first half?
