Economic and Market Outlook Replay
Economic & Market Outlook
October 26th, 2022
Welcome! You are now able to watch the replay of our most recent market and economic update webinar.
Should you have questions, you can reach out with the form at the bottom of the page or schedule a meeting directly with a licensed advisor at the link below. We're happy to answer any financial planning or investment related questions you have.
Schedule a meeting with a licensed advisor: Schedule Here
News Center
Inflation Remains High: While it appears inflation has peaked, the most recent data released in October still shows a year-over-year increase of 8.2% and a month-over-month increase of 0.4%.
Interest Rate Hikes Ahead:
The current Fed Funds rate has been raised from 0.00% to 3.25% over the first 10 months of 2022. We expect that there will be an additional 0.75% increase in November and 0.50% increase in December. This would put the Fed Funds Rate at 4.50%.
Economic and Market Outlook: As of October 2022, we are currently in a technical recession with weakening economic indicators. We expect this to last into the middle of 2023. However, a stock market recovery typically precedes the economy and we are expecting a bounce back from the lows in late 2022 and early 2023.
Have questions about your investments?
Complete the below form with your contact information and question and a member of our team will be in contact shortly. You can also reach Rich Myers directly at 614-551-6155 or myers@rpi401k.com
