The Pulse on the Economy and Capital Markets: August 22–26, 2022

August 29, 2022

At a glance

  • Reducing inflation is the Federal Reserve’s top priority, according to Chairman Jerome Powell, who made the declaration at the Fed’s annual conference in Jackson Hole last week.
  • On the heels of this news, which implies interest rates will remain high for longer, US stocks sold off, and bonds and bitcoin saw declines.
  • Meanwhile, emerging markets and commodities performed well in light of the news, as these sectors often respond well to inflationary environments.
  • Although oil prices and inflation often go hand in hand, many economists are turning their attention toward natural gas prices, which have reached alarming highs in Europe.
  • The rising cost of energy has triggered speculation over an impending recession in Europe, as prices are having a negative impact on consumer sentiment and future outlooks for EU businesses.
  • In terms of industry news, we are remembering philanthropic and investing icon Julian Robertson, who passed away last week at the age of 90. Plus, we’re sharing a collection of articles on the state of US home prices, AI advancements in restaurants and the declining pace of travel.

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Investment advisory services are offered by Aprio Wealth Management, LLC, a Securities and Exchange Commission Registered Investment Advisor.  Opinions expressed are as of the current date (August 29th, 2022) and subject to change without notice. Aprio Wealth Management, LLC shall not be responsible for any trading decisions, damages, or other losses resulting from, or related to, the information, data, analyses or opinions contained herein or their use, which do not constitute investment advice, are provided as of the date written, are provided solely for informational purposes and therefore are not an offer to buy or sell a security. This commentary is for informational purposes only and has not been tailored to suit any individual. References to specific securities or investment options should not be considered an offer to purchase or sell that specific investment.

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About the Author

Simeon Wallis

Simeon is the Chief Investment Officer of Aprio Wealth Management and the Director of Aprio Family Office. Simeon brings two decades of professional investing experience in publicly traded and privately held companies, as well as senior-level operating and strategy consulting experiences.