Peek of the Week - Weekly Market Commentary for October 2, 2023. Our Peek of the Week has some updated inflation numbers to share and although inflation is slowing, Americans aren't really feeling the relief. It costs about $734 more each month to buy the same goods and services as two years ago, at least for households who earn the median income. Oil prices have continuously contributed to the "pain in the pocketbook" for people, and yet investors are hopeful that the Fed might not raise rates again in 2023. Stocks moved higher on Thursday before reversing their course.
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