Meridian Hedged Equity Fund Q2 2023 Investment Commentary (undefined:MEIFX)

TERADAT SANTIVIVUT Market Summary With inflation gradually easing and the U.S. economy holding firm, stocks generally advanced during the second quarter. Conditions prompted U.S. Federal Reserve (“Fed”) officials to pause their aggressive rate-hike campaign in June and forecast that the U.S. would avoid a recession in 2023. Fed Chair Jerome Powell did assert, however, that…

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