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Weekly Financial Market Update - October 19, 2018

Christopher LaPorta

October 22, 2018

A recovery in equity markets from the mid-October sell-off ground to a halt with last Wednesday's release of September's FOMC meeting minutes. The S&P 500's fractional losses on Friday marked the 10th time in the last 12 sessions it has finished the day negative, as investors continue to digest higher bond yields and a more hawkish Federal Reserve.

 A majority of Fed officials believe further gradual increases to the federal funds rate are necessary to ensure the strong economy does not overheat. Also mentioned was the possibility that interest rates would need to be raised above their anticipated neutral rate, which was believed to be set around 3.0%.

Learn more about the performance of Netflix Inc., shares, slow U.S. retail sales and falling U.S. home sales in our Weekly Financial Market Update