PCA Week in Review - Friday, September 23, 2022

This week in the Review:

1. Hawkish Fed Policy Weighs on Financial Markets

• • Impact of the Federal Open Market Committee (FOMC) raising the funds rate target range
  • Tightening financial conditions
  • Dollar continues to appreciate against foreign currency

     2. As Recession Concerns Grow, Investors Can Look to History          for Earnings Trends

• • Recession: different impact on different sectors