Weekly Market Recap - Friday, 22-Sep

It was a broad risk-off week, with Friday's attempt at an oversold bounce not gaining much traction. The major event was the September FOMC meeting, for which takeaways generally leaned hawkish. The Fed kept rates steady as expected but also issued a new edition of the dot plot which maintained forecasts for another 2023 hike and reduced the median forecast for 2024 easing to 50bp (from 100bp in June).