Newsletter Q3 2015

Volatility returned to the equity markets in the third quarter, impacted by economic stress in China, the world’s second largest economy, and Greece, coupled with underwhelming corporate earnings reports and falling energy prices. Some parts of the economy that offered favorable news were housing and unemployment; others, including exports and wages, showed little in the way of positive movement. As a result, the Federal Open Market Committee once again declined to raise interest rates, noting that inflation still hadn’t reached the committee’s preferred target rate of 2.0%.