Despite a strong start to the quarter, returns finished negative across all major asset class categories during the period. Persistently high inflation was the primary culprit, causing interest rates to move higher and asset prices to reset lower. Although the economy has been resilient, the risk of recession is growing with each increase in the Fed funds rate. Read on for a look at third-quarter market performance.
Market Update & Outlook Q3 2022
November 08, 2022
Returns finished negative across all major asset class categories during the third quarter, primarily due to persistently high inflation. Although the economy has been resilient, the risk of recession is growing with each increase in the Fed funds rate. Read on for a look at third-quarter market performance.