Markets & Economy

The Economy: September 2017

THE ECONOMY: As of September 2017

Financial market strength continued in September, capping off a 3rd quarter in which most asset classes registered healthy gains. U.S. stocks fared well, with the S&P 500 up 2.08%. Small cap securities, as measured by the Russell 2000, were even better, rising an impressive 6.24%. Emerging market stocks took a breather, pulling back about half a percent over the past month, but have still gained nearly 30% for the year. In a bit of a surprise, the Federal Reserve indicated that one more interest rate hike in December was still the most likely course of action, despite relatively muted inflation.