Aug 25, 2024 | Wealth Management
The U.S. stock market finished sharply higher Friday, sparked by Federal Reserve Chair Jerome Powell’s strongest signal yet that interest rate cuts are coming. “The time has come for cuts,” Powell said at the Jackson Hole Economic Symposium,...
Aug 18, 2024 | Wealth Management
This week’s economic data on inflation and retail sales, along with upbeat comments from consumer bellwether – Walmart, continued to quell economic slowdown fears and gave investors the confidence to dive back into growth areas. For the week, the S&P...
Jul 14, 2024 | Wealth Management
The S&P 500 index posted a two week win streak on Friday. Its torrid run has seen it notching gains in 10 out of 12 weeks dating back to the end of April. Remarks by Federal Reserve chair Jerome Powell on Capitol Hill hinting at interest rate cuts, along with a...
Jul 8, 2024 | Wealth Management
The S&P 500 kicked off the second half of 2024 with its best weekly performance since late April. The advance was driven by labor market data that has supported the case for Federal Reserve interest rate cuts. The S&P is now within striking distance of the...
Jun 16, 2024 | Wealth Management
The S&P 500 on Friday notched its best weekly advance in over a month, primarily on the back of surprisingly soft inflation data. The headline consumer price index for May came in flat in what was its first unchanged reading since July 2022. The consumer inflation...
Jun 2, 2024 | Wealth Management
After a five week win streak, the S&P 500 logged its first weekly decline marking an end to an eventful May. On Friday, the Federal Reserve’s preferred inflation gauge, the core PCE Price Index, met consensus for April despite a bigger than anticipated...
