by Keel Point | May 8, 2023 | Articles and Videos
As expected, the Fed raised the Fed funds rate by ¼% to a 5.00% to 5.25% target range this past week and signaled that this rate hike is likely to be its last – unless…. Its announcement dropped previous language that “some additional policy firming may be...
by Keel Point | May 1, 2023 | Articles and Videos
The U.S. economy grew at an annual rate of 1.1% in the first quarter of 2023 which was slower than expected, reflecting lower business investment in new plant, equipment and inventories. Stock markets responded positively to this news and closed up for the week. Q1...
by Keel Point | Apr 25, 2023 | Articles and Videos
With no significant economic news or unexpected Fed pronouncements this past week, stock markets closed essentially flat, with the S&P 500 down 0.1% and daily Q1 earnings reports pushing stock prices up or down. Year-to-date S&P stock prices are up 7.6% and up...
by Keel Point | Apr 17, 2023 | Articles and Videos
Last week inflation news was encouraging but not sufficiently positive to keep the Fed from tightening another 25 bp at its May 2-3 meetings. Another rate boost, coupled with slowing growth and negative first quarter earnings, will put downward pressure on stock...
by Keel Point | Apr 10, 2023 | Articles and Videos
The March employment and wage numbers reported last Friday confirm that the U.S. economy is slowing and inflation is coming down. Markets believe the Fed is nearing the end of its interest rate increases and will be cutting interest rates later in 2023. The 236,000...
