Jul 15, 2023 | Wealth Management
Stocks finished mixed Friday but scored solid gains for the week, as surprisingly moderate U.S. inflation data prompted hopes that the Federal Reserve could soon stop its pattern of interest rate hikes. With June consumer prices and producer prices showing smaller...
Jul 2, 2023 | Wealth Management
Wall Street’s major averages closed out a strong first half of the year on an upbeat note. Moreover, the Federal Reserve’s favorite inflation gauge – the core personal consumption expenditures index – moderated in May on both a month-to-month...
Jun 25, 2023 | Wealth Management
The Federal Open Market Committee paused its series of interest-rate hikes this week for the first time in 15 months, leaving rates in a range of 5% to 5.25%. But Fed officials estimated rates would rise to 5.6% by the end of the year, implying two additional quarter...
May 28, 2023 | Wealth Management
Stocks rallied Friday on rising optimism that lawmakers will reach a deal to raise the U.S. debt ceiling, led by the tech-heavy Nasdaq, which closed at its highest level since August. The entire week came down to results from two semiconductor companies – NVidia...
May 14, 2023 | Wealth Management
When Warren Buffett speaks at Berkshire Hathaway’s annual shareholder meeting, everyone should listen. The comments at this year’s meeting that ended over last weekend were anything but positive for investors. “In the general economy, the feedback we get...
Apr 23, 2023 | Wealth Management
The dents in global economic growth are growing more visible and fallout from financial-market tension is lingering—potentially indicating that while the US is making some progress in its inflation fight, the Federal Reserve is still expected to hike rates again next...
