2022 was an unpleasant one for stocks and bonds as stubbornly high inflation prompted the Federal Reserve to the fastest series of rate hikes since 1980. But 2022 finished out on a better note, with Q4 out-performing the first three quarters of the year.
Stocks and bonds both were down for the third quarter after rallying in July. The hope that the Fed would ease its interest rate hikes was quickly shut down when the Fed and other central banks around the world reiterated their commitment to taming inflation. The Fed raised rates twice in 0.75% increments during the quarter.
As the first half of the year concludes, let's take a look at the key drivers of economic activity in the second quarter.
As we enter the final quarter of 2021, let's review the economic and market benchmarks and get into the details of several important topics, including forecasts for Q4, the update from Washington, D.C., tax changes and year-end planning to-dos.
At the start of every quarter, our advisors write a financial and investment commentary. Here is the update for the second quarter of 2021.
At the start of every quarter, our advisors write a financial and investment commentary. Here is the update for the final quarter of 2020.