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Fitch Downgrade and the Recent Rally in Equity Markets

Monthly Economic News

INVESTMENT COMMITTEE COMMENTARY July 2023 Stocks closed higher in July as the U.S. economy and the stock market have stayed surprisingly resilient despite rising interest rates. During the month, the Federal Reserve (Fed) hiked interest rates another 25 basis points to the highest level in 22 years. However, there are signs inflation is finally receding.…

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