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Click here to read the full Edge Capital Q3 2023 Outlook.
Resilience
In little more than a year the Federal Reserve has raised interest rates from nearly 0% to 5%. In that time inflation has receded some but remains stubbornly higher than the Fed would like. Globally, inflation remains an issue as well. In the face of that, and numerous predictions of an economic recession, the U.S. economy has displayed tremendous resilience as it continues in expansionary mode. Furthermore, global markets have shown incredible resilience as well as stocks continue to march higher despite the headwinds of higher rates. While we did see a June meeting come and go without a rate hike, the Fed has made it clear it’s just taking a pause so markets can fully digest all the rate hikes of the past year. If hikes resume in July we’ll see if markets can remain as resilient.
If you have questions do not hesitate to reach out to your Edge advisor.
