Economic Update - October 2018
Watch this month’s Economic Video Update with Robert Spendlove, Economic and Public Policy Officer for Zions Bank.
Volatility has returned to equity and bond markets in October. After a late-summer rally, the Dow Jones Industrial Average experienced the third-largest point decline in history on October 10th, and the yield on the 10-year bond rose above 3 percent. Recent uncertainty in the markets comes on the heels of a strong September employment report, in which the U.S. added 134,000 jobs and the unemployment rate fell to a 49-year low of 3.7 percent. The Federal Reserve also increased the federal funds rate a quarter-point, to a target range of 2.0 – 2.25 percent, at its late-September meeting.
Watch this month’s Economic Video Update with Robert Spendlove, Economic and Public Policy Officer for Zions Bank, as we discuss the current economic conditions and the drivers behind the recent volatility in equity and bond markets.
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