October 2021 Credit Market Update:
The Tangled Knot.
Economic releases over the course of the month were largely positive and supportive of long-term growth. The Fed’s Beige Book, prepared in advance of the November Fed meeting, detailed that most districts reported “significantly elevated prices for materials as supply chain disruptions continued.” These increases were often passed along to consumers in the form of raised selling prices, indicating no reduction in the strong demand for goods in most sectors of the economy.
