Quarterly International Economic and Market Overview Sep2013
In a mirror image of August, September was reassuringly positive across most asset classes, with the exception of the commodity space which had rallied the prior month. Early in the month, the decreasing likelihood of a US-led strike against Syria buoyed investor sentiment. By mid-September, all eyes were on the US Federal Reserve, awaiting a decision on tapering. Contrary to market expectations, the FED elected to maintain their accommodative monetary policy, choosing not to reduce its bond buying by the expected $10-15 billion per month. Finally, Lawrence Summers, the contentious front-runner for the Federal Reserve Chairmanship, withdrew his name from consideration which once again left the dovish Janet Yellen as the front-runner. CFAL_Quarterly_International_Economic_and_Market_Overview_Sep2013 Click here for full International Market Review

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