United States

Economy holds in October despite global slowdown concerns

MONTHLY MARKET COMMENTARY  | 

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In October, U.S. equities gained on strong employment and corporate earnings, suggesting that the U.S. economy is holding steady amid continued concerns of global slowdown and falling manufacturing activity.

Meanwhile, the Federal Reserve voted to cut interest rates by 0.25 percentage points for the third time this year to cushion the economy against slowing growth spurred by the U.S.-China trade war.

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Information in this document was prepared by DiMeo Schneider & Associates, L.L.C. and although information in this document has been obtained from sources believed to be reliable, RSM US Wealth Management LLC, DiMeo Schneider & Associates, L.L.C. and their respective affiliates do not guarantee its accuracy, completeness or reliability and are not responsible or liable for any direct, indirect or consequential losses from its use. Any such information may be incomplete or condensed and is subject to change without notice. The Frontier EngineerTM is a registered trademark of DiMeo Schneider & Associates, L.L.C.

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