PCA Week in Review - Friday, July 29, 2022

The Pallas Perspective

This week in the Review:

1. Federal Reserve Tightens as Expected

  • The Fed hikes federal funds by 0.75%
  • Impact on bond markets
  • Dovish comments met positively by market in short term

2. US GDP Confirms Slower Growth

  • Why GDP decreased less in the second quarter than the first
  • Impact of the IMF World Economic Outlook Report

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