ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
April 27, 2024 | Tech Talk for Saturday April 27th 2024
Don Vialoux
The Bottom Line
Focus this week in on the Federal Reserve’s decision on interest rates announced on Wednesday at 2:00 PM EDT. Consensus calls for no change in the Fed Fund Rate currently at 5.25%-5.50%. The question is “How long will the Fed maintain this rate?” Release of a slightly “hotter than consensus” March core PCE Price Index on Friday suggests that timing of a reduction of the Fed Fund rate has been delayed until at least this fall.
Better than consensus quarterly results released last week by several large cap S&P 500 companies prompted analysts to raise estimates for the S&P 500 for the remainder of 2024.
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Don Vialoux April 27th, 2024
Posted In: Tech Talk