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The Fed kept rates close to zero for nearly a decade following the 2008-09 global financial crisis, then took them above 2% before heading back toward zero during the Covid-19 pandemic. When a combination of stimulus cash, rebounding consumer demand, and supply chain kinks sent inflation to double-digit percentages, the Fed quickly raised rates to their recent peak to cool demand.
U.S. stocks closed out their best week of the year with more gains on Friday and climbed to the cusp of their records. The S&P 500 rose 0.5% for a fifth straight gain and is just 0.7% below its high set in July.
Its fourth consecutive daily decline, leaving the index down about 4.2% for the week, its worst week since March 2023.
The investment community is expecting an interest rate cut on September 18. Avi Salzman, a Barron’s writer, thinks it increasingly looks like a “sell the news” event—particularly if the cut is a quarter percentage point instead of a half.
Two of the larger tech exchange-traded funds track the same sector but differ inallocations to the biggest stocks. Will investors benefit? It depends on how the stocks perform...
Markets are concerned that a government led by either the populist right or a possible left-wing coalition would move to greater protectionism, government intervention...
Two of the larger tech exchange-traded funds track the same sector but differ inallocations to the biggest stocks. Will investors benefit? It depends on how the stocks perform...