Tag: federal reserve

(25 June 2023) Stocks declined last week as Fed Chair Jerome Powell signaled the possibility of further rate hikes in order to address elevated core inflation.  The S&P 500 fell by more than 1% on the week to 4348 while the Nasdaq-100 ended Friday at 14,891.  In keeping with recent price trends, the small cap and broader averages suffered larger losses with the Russell 2000 losing almost 3%.  This bearish outcome was in line with expectations as I thought the combined effects of the Saturn retrograde station and the...