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Believe it or not, investors are once again looking for interest rate cuts sooner rather than later.
Believe it or not, investors are once again looking for interest rate cuts sooner rather than later.
The Federal Reserve met this week and kept the federal funds rate intact to the surprise of no one.
he Commerce Department released Gross Domestic Product (GDP) this week for the first quarter and growth came in at 1.6%, which was lower than most economists had predicted.
Both the S&P 500 and the Nasdaq sold off this week as the volatility index rose to its highest level this year.
The equity markets finished lower again this week as sentiment shifted on news that inflation remains a problem for both consumers and the Federal Reserve alike.
It was bound to happen eventually. It appears that the shine is off the markets as investors parsed a bevy of economic data and Fed governor talking points to conclude that interest rate cuts may be delayed further.
Despite downward pressure at the end of this week, the markets were off to the races yet again.
The markets drifted sideways to slightly lower this week on the news that inflation failed to fall in February.
Both the S&P 500 and the Nasdaq hit all-time highs this week before closing down on Friday.
Steady as she goes. The Dow Jones Industrial Average looks to finish the week mostly flat, while both the Nasdaq and the S&P 500 are moving higher with help from tech stocks in their indices.