Economic Update – October 2018
In this month’s recap: the Fed hikes again, wage growth ascends, mortgage rates rise notably, and stocks advance.
Wall Street maintained its optimism in September. While trade worries were top of mind for economists and investors overseas, bulls largely shrugged at the prospect of tariffs and the probability of another interest rate hike. The S&P 500 rose 0.43% for the month. On the whole, U.S. economic indicators were quite good, and some offered pleasant surprises.1
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