Global equity markets declined over the week ended August 26, 2022 as investors waited for the Fed’s speech at the Jackson Hole economic summit. Fed Chair, Jerome Powell, emphasized that their primary focus remains on bringing down inflation and their policies could be in place for some time yet. The S&P/ TSX Composite Index declined again due to the Information Technology sector as well as the Health Care sector. The S&P once again felt weakness in the Communication Services sector, dragging it down. Oil and gold prices moved higher this week as did yields on 10 year government bonds in Canada and the U.S.