May 31-June 3, 2022 Recap
Positive economic news from the manufacturing sector and labor market had investors rethinking the Federal Reserve’s future interest rate hikes. Many investors had become increasingly comfortable with the Fed’s somewhat dovish tone, but the strong economic data could give the U.S. central bank more room to be aggressive and hike rates faster than previously expected. Only adding fuel to these hawkish fears, oil prices surged adding to inflationary pressures, which the Fed must fight. Stock and bond markets recalibrated to these reports and both stock and bond markets gave back some recent gains.
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The Weekly Recap is published by Cetera Investment Management LLC, an SEC registered adviser owned by Cetera Financial Group. Cetera Investment Management provides market perspectives, portfolio guidance, model management, and other investment advice to its affiliated broker-dealers, dually registered broker-dealers and registered investment advisers.
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