ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
March 16, 2024 | Tech Talk for Saturday March 16th 2024
Don Vialoux
The Bottom Line
Focus this week is on the Fed Fund Rate update released at 2:00 PM EDT on Wednesday. U.S. equity markets traded in a narrow range last week prior to the news. Consensus is that the FOMC will maintain the rate at 5.25%-5.50%. Comments following the 2:00 PM statement will be examined carefully to assess when the Rate will move lower. The “hotter than expected” February Consumer Price Index and the February Producer Price Index released last week hinted that a reduction in the Rate will not happen anytime soon. Indeed, both indices appeared to have passed an intermediate low point on the charts and are vulnerable to resuming an intermediate uptrend. Note that recent increases in commodity prices last week will begin to register in March CPI and PPI when next announced in mid-April.
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Don Vialoux March 16th, 2024
Posted In: Tech Talk
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