September’s Market Recap

Nasdaq 100 (US-Tech 100)



Federal Reserve


Inflation, rate increases, and economic unrest persisted in September, making it an interesting month for the stock market as several market sectors suffered. But it’s no secret that the markets are erratic, and while certain industries suffered, others prospered. Here are some of the key market moments from September, including Forex, Indices, and Stocks.

The Market Highlights for September

S&P 500, Nasdaq, and Vix: The Fed Effect

Reserve Banks like the Federal Reserve had to raise rates to combat inflation and a potential recession because inflation was the month’s recurring theme. The Federal Reserve consequently increased interest rates by 0.75% the highest federal funds rate since 2008 on September 21. For the first time since the late 1980s, when the Fed started specifically targeting the federal funds rate to conduct monetary policy, this aggressive rate hike of three successive increases of 0.75%. Consequently, a risk-averse mindset and a general market sell-off caused major US indices including the S&P 500 (USA 500) and the tech-heavy Nasdaq (US-TECH 100) to decline by 9.6% and 10.2%, respectively. Stocks in the travel, entertainment, and technology sectors all decreased. (Source:CNBC)

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