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Markets Cheer Powell’s Balanced Tone, but More Work Remains

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Market Commentary AUGUST 28, 2023 Northwestern Mutual
 
 
EXPERT INSIGHTS ON THE CHANGING MARKET
   
 
 
 
  Man reading Northwestern Mutual?s weekly market commentary.  
 
  Markets Cheer Powell’s Balanced Tone, but More Work Remains  
 
  Federal Reserve Chair Powell’s comments last week in Wyoming gave investors renewed hope for a soft landing but also highlighted that challenges remain.  
 
 
 
 
 
 
 
Week ended... 08/18/23 08/25/23 One Week Change YTD One Year
S&P 500 Index 4,369.71 4,405.71 +0.82% +15.98% +6.70%
MSCI EAFE Index 2,057.64 2,053.48 -0.20% +8.39% +11.98%
Barclays Capital U.S.
Aggregate Bond Index		 2,051.48 2,057.23 +0.28% +0.41% -2.98%
10-year Treasury Note Rate 4.256% 4.237% -1.9 bps +36.0 bps +120.9 bps
 
 
 
 
 
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Steve Schwalje https://media.northwesternmutual.com/images/field/person/87732594/7f5d693c-f6c4-452b-8904-ac799cb3f14b.jpg
 
 
Steve Schwalje
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603-818-0855
 
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Markets Cheer Powell’s Balanced Tone, but More Work Remains

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