U.S. equity markets rebounded sharply last week on the back of healthy labor market and retail sales data alongside falling inflation reports that put soft landing expectations back in focus for investors.

The major U.S. equity indexes closed out a turbulent week almost flat with where they began after recovering from a sharp sell-off when markets opened on Monday.

Following a turbulent week in equity markets punctuated by a late week sell-off on a shaky July jobs report that stoked recession concerns, global equity markets continued to tumble in this week’s early trading as disappointing economic data has been exacerbated by an unwinding of a crowded carry trade and pressure on large tech stocks.

In the realm of private banking, where tailored financial solutions meet personalized service, understanding borrowing costs is crucial for making informed decisions.

Tax-favored strategies such as Roth IRA and Roth 401Ks, 529 plans, and HSAs (Health Savings Accounts) are essential tools for US taxpayers seeking to optimize their financial planning while minimizing tax liabilities.