Economic Update Sept 12, 2022

• On a holiday-shortened week, economic data for the week included the ISM services index strengthening, and mixed results for jobless claims.
• Global equity markets gained last week, as central bank actions and member comments solidified a commitment to fighting inflation without overly damaging the global economy, in addition to inflation pressures themselves cooling. Bonds were mixed, with treasuries down due to higher rates, and high yield seeing gains. Commodities were mixed, with energy falling back due to natural gas prices, while crude oil was little changed.

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LSA Connect, Sept 12, 2022