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Market Recap: February 2023 Thumbnail

Market Recap: February 2023

Employment, retail sales, manufacturing, and inflation all showed signs of improvement to start the year. The strong economic data has pushed market expectations to at least another 0.5% move up in rates by the FED by year end. Equity markets mostly fell on the positive headlines. But why? The irony of positive economic surprises is markets interpret that as the Fed having to increase rates even more to cool down the economy and inflation.

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