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Archive for June 2023

Mid-Year Commentary

Monthly Economic News

INVESTMENT COMMITTEE COMMENTARY June 2023 June was a strong month for stocks. The Federal Reserve (Fed) did not raise interest rates in June. Instead, the Fed opted to step back and assess additional information. Inflationary pressures showed signs of cooling with the twelve-month Personal Consumption Expenditures Index (PCE) coming in at 3.8%. The Consumer Price Index (CPI) had…

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