Quarterly Economic Report Q4 2023
The Federal Reserve continues to be focused on inflation.
The FOMC states that more data is needed to confirm inflation is headed toward its 2% target.
Labor markets show signs of deceleration.
The unemployment rate increased to 3.8% at the end of September, a high for the year.
Bond markets face a tough 3Q 2023 as Treasury yields rise.
Broad fixed income markets decline amidst a backdrop of Fed uncertainty and the global economy.