INTEREST RATES The 10-year Treasury yield jumped above 3.50% in September, its highest level since 2011. Higher yields have put pressure on equities.
INFLATION Despite the drop in gas prices, the CPI rose 0.1% in August. A rise in food and shelter costs was the main contributor to this number.
HOUSING Homebuilders continue to lower prices as sentiment in the market falls for the 9th straight month. Higher interest rates have put significant pressure on housing this year.
INDUSTRY NEWS
CONSUMER Consumer spending rose 0.3% in August. Despite inflationary pressures, consumer spending reversed a July decline.
IPO MARKET The bear market has slowed down the IPO market to its lowest amount in over 20 years. The market’s risk appetite has dissipated as high-growth stocks have been hit hard.
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