Investors' mood has brightened now that the Fed held the line on interest rates for the first time since March 2022. The S&P 500 is 23% off the October low.
Welcome back, animal spirits. The mood on Wall Street has brightened a lot of late, helped this week by the Fed holding the line on interest rates on Wednesday for the first time since March 2022. There also were some decent economic numbers, such as signs of declining inflation in May reported on Tuesday and Wednesday, and a decent retail sales report that came out Thursday.
"Inflation is currently plummeting," said Jay Hatfield, chief executive officer at Infrastructure Capital Management in New York. "Inflation peaked in June of last year and has been rapidly declining over the past 12 months. We forecast that the June data for Consumer Price Index and Producer Price Index will come in at approximately 3% and 0%, respectively.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin Sinks to 25.5K, Altcoins Tumble, as Investors Shrug Off Fed Rate Hike PauseBitcoin and ether tumbled late Wednesday afternoon amid ongoing concerns about central bank monetary policy in the months ahead and other macroeconomic uncertainties. ADA recently sinks more than 5%. Other altcoins also fall. JPRubin23 writes
Weiterlesen »
Asia markets to rise as investors digest the Fed's hawkish pause in rate hikesThe Fed held its benchmark policy rate at 5-5.25%, breaking a streak of 10 straight increases.
Weiterlesen »
Investors on guard for market stress as Fed signals more hikes aheadA hawkish message from the Federal Reserve amid a robust stock market rally is presenting investors with a conundrum: how to maintain exposure to rising equities while also guarding against the possible upheavals tighter monetary policy can bring.
Weiterlesen »
Treasury yields rise as investors digest Fed rate decision, policy guidanceU.S. Treasury yields rose Thursday as investors digested the Fed’s latest interest rate decision, which saw the central bank pause its rate-hiking campaign.
Weiterlesen »
Why the stock market shook off a 'Jekyll and Hyde' Fed meetingStocks slump then recover as Fed signals more tightening in the pipeline than investors expected.
Weiterlesen »
Sanders Introduces Bill to Make Community College Free by Taxing Wall StreetSen. Bernie Sanders introduces a bill to make community college free for all by taxing Wall Street. The College for All Act would be paid for by a 0.5% tax on stock trades and a 0.1% tax on bond trades.
Weiterlesen »