Q2 Economic/Market Commentary – Inflation, Growth, Interest Rates – All Higher for Longer
Broad stock market rallies were a welcome sight at the start of the year, with the S&P 500 Index climbing 6.18% during the month of January. Bonds, in contrast to much of 2022, also gained value. Inflation slowly came down, although the Federal Reserve emphasized the continued need for higher interest rates to bring both …