Stocks gave back much of the previous two weeks’ gains, as some surprisingly strong economic data dampened hopes that the Federal Reserve might soon be able to curb its program of raising interest rates to cool inflation.
The major U.S. equity indexes ended higher, buoyed by the possibility that the Federal Reserve may slow the pace of its interest rate increases.
Calgary Alberta
401-255 17th Ave SW Calgary, AB
T2S-2T8
Join our Weekly Newsletter! We promise we won’t spam.
© Copyright All rights Reserved. ClearWater, like all providers of personal financial services is required by law to inform their clients of their policies regarding privacy of client information. The information in this material is not intended as tax or legal advice. ClearWater is a registered business in ALBERTA. Provided content is for informational purposes only. Website Designed and Created by SWOON Creative Media.
ClearWater Market Commentary as of December 16th, 2022
Intensified fears over rising interest rates pushed the S&P 500 Index lower for a second consecutive week and to levels last seen in early November.