Market Summary 1Q23

Boring Banks No More

Responding to the highest inflation in decades, the Federal Reserve (“the Fed”) raised interest rates by 4.75% from a starting point of zero in just one year. The market response was dramatic, as equities fell to a low in October of 2022 before recovering somewhat in the 4th quarter. Read more here: (Click the image below to download a PDF copy and for clickable links.)