The third quarter of 2018 saw financial markets respond with bouts of volatility to concerns over trade protectionism and global growth, and guidance from the Federal Open Market Committee that they are on track to raise rates again before year end.
During the second quarter of 2018, financial markets were focused on the vagaries of daily tariff tit-for-tat pronouncements (and tweets) from Washington, leading to concerns of a potential trade war with China, Canada, and the EU. While speculation on the implications of the additional rate hikes from the Federal Reserve impacted fixed income markets.
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