Economic Reports.

Undoubtedly 2022 has been a challenging period for investors.

The returns from both equity and fixed income markets were negative over the last month.

Reported inflation data remains at levels higher than that experienced for decades, but most recent reports are marginally below those for March.

Inflation rates have climbed further to multi-decade highs. In the United States consumer prices surged 8.5% from March 2021.

The volume of economic and investment noise has amplified through March and it is increasingly important that investors place appropriate emphasis on developments that meaningfully impact portfolio performance over the medium term not just short-term factors.

Investors experienced further declines in February as the three drivers of market weakness gathered strength.

Inflation is clearly evident in developed western economies. The United States has recorded an annual inflation rate of 7%, the highest in 39 years.

The 2021 calendar year has been a year of desynchronization where the effects of Covid 19 have dominated and the economic responses to the virus have continued to reverberate.

Inflation reports globally indicate generally rising prices consistent with the monetary expansion undertaken in 2020.

There was no shortage of issues for investors to consider in September.