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Third Quarter 2018 Market Perspective
Dec 04, 2020
I U.S.+ INTERNATIONAL EQUITY MARKETS
U.S. equities enjoyed the best quarter in five years with the S&P 500 and NASDAQ up over 7%. The U.S. economy, according to Federal Reserve Chair Jerome Powell, is in the midst of a “remarkably positive” period with a “historically rare pairing of steady, low inflation and very low unem p loym ent.” 1 Unemployment has reached a 49-year low, which only now is beginning to result in the strongest wage growth in a decade. However, inflation has remained near the Fed’s 2% target.
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