Market Recap – September 25, 2023

Market Recap – September 25, 2023

The Fed last week left its Fed funds interest rate unchanged at 5.25% to 5.50%, but signaled that interest rates are going to be “higher for longer.”  Markets responded with the 10-year U.S. Treasury rising to 4.45% — its highest since 2007 — and the...
Market Recap – September 25, 2023

Market Recap – September 18, 2023

The big news last week was hotter inflation from energy/gasoline price increases and stronger than expected consumer spending.  This takes on more importance for the Fed’s FOMC meetings this Tuesday and Wednesday. While the Fed likely will not raise interest rates at...
Market Recap – September 25, 2023

Market Recap – September 11, 2023

Not withstanding positive economic growth, low unemployment, and declining inflation, 58% of voters say the economy has gotten worse over the past two years, only 28% say it has gotten better, and nearly 75% say inflation is headed in the wrong direction, according to...