11/14/23 Market Snapshot: Powell comments weighed on investors last week.
For week ending Nov 10th
Comments from Federal Reserve Chairman Powell weighed on investors this week, but corporate earnings helped to keep the equity markets in positive territory. On Thursday, Chairman Powell stated the Fed was “not confident” they’ve reached a level of interest rates restrictive enough to bring inflation to their stated 2.0% target.
9/19/23 Market Snapshot: Rising Oil Prices
For week ending Sept 15th
Rising oil prices were in the news this past week, as the higher prices are now reflected in key economic releases. The August Consumer Price Index (CPI) came in higher than expected with a monthly increase of 0.6%. However, the core CPI, which excludes food and energy, was only up 0.3% for the month and was only slightly above analysts’ estimates.