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iShares-CMBS  on September 24, 2023


Balanced News


Fed Says More Pain Needed

U.S. equity markets posted their worst week since March as benchmark interest rates surged through multi-decade highs after the Federal Reserve signaled that it intends to maintain policy "at a restrictive level" until it is confident that inflation is "moving down sustainably." Concerns over the fermenting "pain" of tight monetary policy - inflamed by the resurgence in oil and gasoline prices since June - have been compounded in recent weeks by a flurry of other complications, including a lingering UAW union strike, a potential government shutdown, and a flaring of trade tensions with China.

seekingalpha.com     Sep 24, 2023