Tag: FOMC

FOMC Says Inflation is Still Too High – Weekly Update

February 27, 2023 | By Steven DiGregorio

Concerns over a firmer monetary policy were heightened by fresh economic data, touching off a climb in bond yields and a slide in stock prices last week. The Dow Jones Industrial Average skidded 2.99%, while the Standard & Poor’s 500 dipped 2.67%. The Nasdaq Composite index sagged 3.33% for the week. The MSCI EAFE index, […] READ MORE


Powell: Inflation Heading in the Right Direction – Weekly Update

February 6, 2023 | By Steven DiGregorio

Stocks were mixed last week following better-than-expected corporate reports and increasing optimism over a slowdown in interest rates. The Dow Jones Industrial Average edged lower, slipping -0.15%. The Standard & Poor’s 500 rose 1.62% while the Nasdaq Composite index led, picking up 3.31%. The MSCI EAFE index, which tracks developed overseas stock markets, increased by […] READ MORE


Markets Upbeat, Despite Gloomy Inflation Talk – Weekly Update

September 12, 2022 | By Steven DiGregorio

In a holiday-shortened week of trading, stocks posted healthy gains despite more tough talk on monetary policy from Fed officials. The Dow Jones Industrial Average rose 2.66%, while the Standard & Poor’s 500 gained 3.65%. The Nasdaq Composite index picked up 4.14% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, […] READ MORE


Powell Favors Quick Movement – Weekly Update

April 25, 2022 | By Steven DiGregorio

Focus Comes Off Earnings With the inflation report in the rearview mirror and a Fed meeting two weeks away, many may have expected corporate earnings to be in focus last week. Comments by Jerome Powell stole the spotlight. Investors began the week awaiting earnings reports looking for insight into businesses handling the latest inflation, a […] READ MORE


Hawkish Fed; Stocks Retreat – Weekly Update

January 10, 2022 | By Steven DiGregorio

The Tech Wreck The perception of a more hawkish Fed put a hard stop to the year’s positive start and pushed bond yields higher and stocks into a broad retreat. Technology and other high-valuation shares were particularly hard hit by rising yields. Even the larger-capitalization technology companies with strong cash flows and profits were damaged. […] READ MORE


Fed Tightens Money Policy – Weekly Update

December 20, 2021 | By Steven DiGregorio

From Uncertain to Unsettled Stocks weakened ahead of Wednesday’s Federal Open Market Committee (FOMC) meeting as investors weighed how aggressive the Fed might be in reversing its easy-money policies. Investor sentiment was further dented by disappointing economic data. Retail sales fell short of expectations and a year-over-year jump of 9.6% in producer prices reflected price […] READ MORE


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