Market in Review 4/2/2024
MARKET REPORT Review: – POWELL: – Reiterates likely appropriate to begin lowering IR ‘at some point this year” – inflation figures though higher than expected didn’t ‘materially change’ the overall picture – policy makers will wait for signs of lower inflation before cutting – ISM Services PMI hits 3-month Low Act 51.4 vs Exp 52.7 […]
Market in Review 2/21/2024
MARKET REPORT Review: – NVIDIA POST RECORD REVENUE +265% ON BOOMING AI BUS POST CLOSE – FOMC Minutes: – altered the post-meeting statement to indicate that no cuts would be coming until the rate-setting Federal Open Market Committee held “greater confidence” that inflation was receding. – indicated a general sense of optimism that the Fed’s […]
