By: Quincy Krosby, Ph.D. Chief Global Strategist, LPL Financial & George Smith, CFA, CAIA, CIPM, Portfolio Strategist, LPL Financial

As Federal Reserve (Fed) officials continue to emphasize the Fed’s commitment towards restoring price stability, the dollar marches ever higher. Markets are currently pricing in another 75-basis point rate hike at the November 2 Fed meeting as calls for the Fed to halt its aggressive campaign are mounting. Worries persist that tightening financial conditions, underpinned by a stronger dollar, will lead to deeper cracks within the global financial system.

Read the full commentary here: Weekly_Market_Commentary_10.10.2022