đŸ‘‰General Market Update: U.S. stocks fell Friday, closing out a losing week, month and quarter as investors wrestled with more signs of persistently high inflation. Stocks had rallied for two months beginning in June as investors hoped that inflation would cool and the Fed would pull back on its aggressive rate increases. Still, price pressures have remained stubbornly high, and Fed officials made clear that the monetary tightening would continue. Last week, the central bank unveiled another supersize rate increase and signaled that additional large rate raises were likely.
Market Commentary - EOW 39
Market Commentary - EOW 39
Market Commentary - EOW 39
đŸ‘‰General Market Update: U.S. stocks fell Friday, closing out a losing week, month and quarter as investors wrestled with more signs of persistently high inflation. Stocks had rallied for two months beginning in June as investors hoped that inflation would cool and the Fed would pull back on its aggressive rate increases. Still, price pressures have remained stubbornly high, and Fed officials made clear that the monetary tightening would continue. Last week, the central bank unveiled another supersize rate increase and signaled that additional large rate raises were likely.