Skip to content

Why a Pivot by the Fed May Not Move the Economic Needle

EducationHuman InterestEconomicGeneral News ArticlePress ReleaseCommunity

 
   
 
 
     
Market Commentary MAY 8, 2023 Northwestern Mutual
 
 
EXPERT INSIGHTS ON THE CHANGING MARKET
   
 
 
 
  A Pivot by the Fed May Not Change the Economic Picture  
 
  A Pivot by the Fed May Not Change the Economic Picture  
 
  A softer tone on rates and the latest economic data did little to change the near-term narrative for the economy. Here is our look at why we believe an uneven slowdown will likely continue in the months ahead.  
 
 
 
 
 
 
 
Week ended... 04/28/23 05/05/23 One Week Change YTD One Year
S&P 500 Index 4,169.48 4,136.25 -0.80% +8.31% +1.46%
MSCI EAFE Index 2,143.85 2,144.63 +0.04% +12.03% +11.34%
Barclays Capital U.S.
Aggregate Bond Index		 2,122.20 2,121.07 -0.05% +3.53% +0.23%
10-year Treasury Note Rate 3.425% 3.440% +1.50 bps -43.7 bps +40.0 bps
 
 
 
 
 
Time for a career change?

It can bring up all sorts of financial considerations. We’re here to help you make the best financial decisions now, and down the road, so your pivot is a success.
 
 
 
 
 
 
  Please reach out if you have questions about your portfolio or would like to discuss your investment goals.    
 
 
 
 
 
Steve Schwalje https://media.northwesternmutual.com/images/field/person/87732594/7f5d693c-f6c4-452b-8904-ac799cb3f14b.jpg
 
 
Steve Schwalje
RICP®
Financial Advisor
603-818-0855
 
EMAIL  ›
 
WEBSITE  ›
 
View disclosures

Why a Pivot by the Fed May Not Move the Economic Needle

booked.net