Markets & Economy

The Economy: November 2018

THE ECONOMY: As of November 2018 

Stock markets rallied late November on news of an ostensible trade truce between the U.S. and China after the G20 meeting in Argentina, as well as Fed Chair Jerome Powell softening his tone regarding future interest rate increases. The S&P 500 was up 2.04%, bringing its year-to-date gain to just above 5%. Emerging market equities, which are often sensitive to U.S. monetary policy, surged 4.12% during the month. The Fed is still expected to raise rates at its next meeting in December, but odds for further action in 2019 have been declining.