Last week, in the United States, there was some good economic news, and investors appeared to respond accordingly. In the second quarter, growth in real gross domestic product was upwardly revised, while inflation eased slightly in August. These factors likely contributed to investors’ expectations that the Federal Reserve is less likely to tighten monetary policy at its next meeting. The result was an initial rise in equity prices before they reverted. Yet, bond yields continued to rise despite the good inflation news. Let’s look at the details:
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Oct