The US stock market continued to advance to new all-time highs this week on a relative lack of meaningful macro updates, though the latest PCE data – released on Good Friday when markets were closed – pointed to some additional signs of relatively sticky price inflation. Fed Chairman Jerome Powell responded to the data on Friday by suggesting the central bank is in no hurry to loosen monetary policy, just one week after delighting traders everywhere with comments indicating the Fed is still on track to cut rates three times this year. Powell also noted that the economy
Ten31 Timestamp 837,023
Ten31 Timestamp 837,023
Ten31 Timestamp 837,023
The US stock market continued to advance to new all-time highs this week on a relative lack of meaningful macro updates, though the latest PCE data – released on Good Friday when markets were closed – pointed to some additional signs of relatively sticky price inflation. Fed Chairman Jerome Powell responded to the data on Friday by suggesting the central bank is in no hurry to loosen monetary policy, just one week after delighting traders everywhere with comments indicating the Fed is still on track to cut rates three times this year. Powell also noted that the economy