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Weekly Market Update: August 19, 2024
08/19/24
Investor Concerns Fade in a Strong Week for Economic Data and Markets
Economic data broadly exceeded expectations last week, leading to the best week of the year for financial markets. Subdued inflation and strong consumer data helped allay investors’ concerns about the job market. Labor market conditions will be top of mind for the Fed as they assess data in the leadup to the September FOMC meeting.
Investment and insurance products are not FDIC-insured, are not a deposit or other obligation of, or guaranteed by the bank or an affiliate of the bank, are not insured by any federal government agency and are subject to investment risks, including possible loss of the principal amount invested.
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This article contains general information only. Sunflower Bank, N.A. is not, by means of this article, rendering accounting, financial, investment, legal, tax, or other professional advice or services. It is not meant as a substitute for such professional advice or services. Before making any decisions related to these matters, you should consult a qualified professional advisor. Investment and insurance products are not FDIC-insured, are not a deposit or other obligation of, or guaranteed by the bank or an affiliate of the bank, are not insured by any federal government agency and are subject to investment risks, including possible loss of the principal amount invested.