economic outlook

Economic & Market Outlook

October 12, 2022

We have got to get inflation behind us. I wish there were a painless way to do that.
There isn’t.” —Fed Chair Jerome Powell, post-FOMC meeting press conference, September 21, 2022

No pivot from the Fed
The Federal Reserve is laser-focused on fighting inflation, which is running at a forty-year high. The Fed has aggressively raised its benchmark interest rate, the federal funds rate, in an effort to cool demand and slow the economy. Since March of this year, the Fed has raised the federal funds rate by 3 percent. And as the quote above suggests, Fed Chair Jerome Powell does not see “a painless way” to get inflation under control.

Please find the latest edition of the PeoplesBank Wealth Management Economic & Market Outlook below for your reference.

Read The Full Report – Fall 2022


We're sorry, you are not located within our service area.

Click here to view a full list of the zip codes that we currently serve.

If you need account assistance, please Contact Us here.