Skip to main content
FeaturedMarket Updates

Washington Market Update | August 4, 2023

Bond yields have encountered another demanding week marked by volatility. As the Federal Reserve’s interest rate adjustments exert their influence on economic expansion, it’s noteworthy that economic metrics continue to exhibit resilience, even as inflation maintains levels higher than the desired benchmarks. Notably, this week saw the release of second-quarter GDP and Durable Goods Orders data, both surpassing initial expectations, while inflation metrics, although displaying improvement, remain elevated compared to the targeted 2.00% threshold. In the coming days, market attention will be keenly focused on the impending employment data scheduled for release this Friday, followed by the anticipated CPI (Consumer Price Index) report in the following week.