*STOCKS POST THIRD STRAIGHT QUARTERLY LOSS AS INFLATION WEIGHS, RECESSION LOOMS -
closed the books on its steepest September decline in two decades on Friday, skidding across the finish line of a tumultuous quarter fraught with historically hot inflation, rising interest rates and recession fears.
The S&P and the Dow notched their third consecutive weekly declines, and all three indexes posted their second straight monthly losses. "It's another ugly day to end an ugly quarter in what’s looking like a very ugly year," said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska."Investors will look back and realize this was the year the Fed pulled a total 180 on their views on inflation and quickly turned incredibly hawkish."
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