August 26th, 2022 Markets sold off sharply on Friday as Fed Chairman Jerome Powell addressed central bankers, policymakers, and economists before the annual economic policy symposium in Jackson Hole. Powell didn’t parse swords to investors, warning of the pain to come for U.S. households and businesses resulting from the central bank’s plan to continue raising…
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August 19th, 2022 After a sizzling summer rally, stocks failed to sustain their momentum this week following the release of the Fed’s July meeting minutes on Wednesday. The minutes revealed a broad consensus among FOMC members on the need for additional rate hikes in 2022 (and potentially 2023), while investors had hoped for greater evidence…
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August 12th, 2022 Stocks extended their rally this week, making it four consecutive winning weeks for the S&P 500. This marked the index’s longest winning week since November. Sentiment remained strong as investors cheered signs inflation may have peaked, providing not only much needed relief for cash-strapped consumers but also stoking hopes that the Federal…
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