October 24th 2023 Weekly Economic Update

Linda Migliazzo |

As the yield on 10-yr US Treasury Bonds hits 5% for the first time in decades, stock market performance throughout the last week was negative. Next month’s fed meeting will be an important one as we will find out if another rate hike will occur or if a 2 nd pause will happen. There are so many factors that come into this specific rate conversation as markets have pulled back slightly, the war in the Middle-East is tense, and inflation isn’t where we want it just yet.