Peek of the Week - Weekly Market Commentary for January 29, 2024. The United States economy is not performing the way anyone thought it would. Instead of tipping into a recession last year, it crushed expectations. Our Peek of the Week discusses the US Economy, inflation, Health Savings Accounts and investments.
Read MoreThe three major U.S. stock market indices moved higher last week... for the first time in weeks. Prior to the increase, we saw investors reassess their approach and predictions. Today's Peek of the Week explains how strong corporate profits, more attractive share prices and the Fed's potential slowdown of rate hikes have brought us a stock market rally. And we appreciate it!
Read MoreLast week, the FOMC (Federal Open Market Committee) met and decided to raise the federal funds target rate by a quarter point. Most people were expecting this to happen, and Jerome Powell expects the Fed will continue to raise rates in 2022 in hopes of lowering inflation. Today's Peek of the Week has insight about the yield curve, future rate hikes and implications of Russia's invasion of Ukraine. Investors felt reassured after last week's improved clarity. Major U.S. stock indices rallied and accomplished some gains.
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