The S&P 500 finished the third quarter down -4.9%, while the 2-year Treasury yield reached levels not seen since 2007. This recap covers the third quarter and provides an update on the key questions markets faced at the start of the third quarter.

When transitioning jobs, consider the implications for your old 401(k) carefully. Preserving the tax benefits of your investments may substantially improve your ability to grow your wealth over time.

Investors were surprised by the 0.1% month-over-month increase in the Consumer Price Index (CPI) for August. The report will likely push the Federal Reserve to persist with its aggressive campaign of interest rate increases.

We currently project that the US ISM Manufacturing Purchasing Manager Index will approach 50 during the next three months before dipping below 50 (i.e., manufacturing contraction) during 1Q23.

After declining during the pandemic, data shows consumer credit usage is rising again and is now back above pre-pandemic levels.

The ability to optimize the amount of benefits you will receive from Social Security will depend on your situation.

Investor hopes for a Fed pivot were one of the primary catalysts that propelled the stock market higher during July and August. Chair Powell’s recent speech at Jackson Hole dashed those hopes.

Why is productivity declining? One potential explanation is that pandemic-related themes, such as remote work and inflation, make measuring productivity more difficult and distort the data.

Why the change in attitude? Multiple catalysts could be causing the turnaround, one of which includes investor sentiment being too negative entering July.

The ongoing housing market slowdown indicates the Federal Reserve’s interest rate increases are already impacting the economy.

In response to persistent inflation, the Federal Reserve continued tightening monetary policy by raising interest rates at each April, May, and June meeting.

The Fed is expected to keep raising interest rates at its meetings later this year, although the amount of interest rate increases remains an open question.