Sep 16, 2016

Global equities are mixed following Fed Chair’s latest comments

Weekly Market Update. Article highlights:

The Fed suggests a rate hike has become more likely in the coming months.
The S&P 500 tracks lower for the week, while European equities advance.
U.S. Treasury yields rise in the wake of the “Fedspeak.”
Although Q2 GDP is revised lower, robust consumer spending is still a bright spot.
We expect two rate hikes next year, even as the Fed’s decision to tighten in 2016 remains a close call.

Each week, William Riegel shares his insights and observations on the week’s market actions. Riegel is Chief Investment Officer, TIAA Public Investments.

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Disclosures

TIAA Global Asset Management provides investment advice and portfolio management services through Teachers Insurance and Annuity Association and affiliated registered investment advisors, including Teachers Advisors, Inc., TIAA-CREF Alternatives Advisors, LLC and Nuveen Asset management, LLC.

Foreign stock market returns are stated in U.S. dollars unless noted otherwise.

Please note that equity and fixed income investing involve risk.

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