Quarterly Economic Report Q3 2023
The Federal Reserve remains hawkish in its tone toward rates.
The Fed acknowledges that progress has been made but the full effects of tightening have yet to be felt.
Labor markets are still strong but may be cooling.
There have been early indications of weakening from historically high levels.
Yields push higher due to unprecedented monetary policy.
Investors put cash back to work as the economy shows resilience and recession fears abate.