Observations from September
The ASX 200 suffered a second straight monthly decline with the accumulation index dropping 2.84% in September. All sectors finished in the red except for Energy.
The local economy expanded by 0.4% in the June quarter of 2023, with continued signals that inflationary pressures are impacting households.
With the narrative from the U.S. Federal Reserve indicating that interest rates will need to be ‘higher for longer’, markets are taking further notice.
Investors pushed up bond yields in response to this likelihood, as the appetite for riskier assets reduce.
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