December 2021 Economic and Market Highlights
November 2, 2023

December 2021 Economic and Market Highlights

The CPC team
  • Although the fears of Omicron variant loomed, equity markets were able to rally in the final days, with the S&P 500 posting an all-time high
  • The inflation rate from November came in at 6.8%, the highest since 1982, rising above the previous reading of 6.2%
  • Fed Chairman Jerome Powell announced a doubling of the reduction in bond purchases previously announced, addressing persistent inflation
  • Bonds ranged from slightly negative to slightly positive as investors rotated into equity positions
Source: Morningstar - All performance is percentage change of total return

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