by cambridgesourcesites | Mar 13, 2023 | Weekly Economic Update
Stocks tumbled last week as investors reconsidered their interest rate expectations after Fed Chair Powell’s Congressional testimony that rates may need to go higher. Stocks also were rattled when a west coast bank was placed into receivership on Friday following a...
by cambridgesourcesites | Mar 6, 2023 | Weekly Economic Update
Fed’s Reassurance Boosts Stocks Presented by Happy Valley Financial Services A late-week surge, triggered by reassuring Fed-speak, propelled stocks higher last week. The Dow Jones Industrial Average gained 1.75%, while the Standard & Poor’s 500 advanced 1.90%. The...
by cambridgesourcesites | Feb 27, 2023 | Weekly Economic Update
FOMC Says Inflation Is Still Too High Presented by Happy Valley Financial Services Concerns over a firmer monetary policy were heightened by fresh economic data, touching off a climb in bond yields and a slide in stock prices last week. The Dow Jones Industrial...
by cambridgesourcesites | Feb 20, 2023 | Weekly Economic Update
Mixed Results As Interest Rate Concerns Grow Presented by Happy Valley Financial Services Growing concerns about further interest rate hikes, prompted by fresh economic data, reversed early-week gains and left stocks mixed for the week. The Dow Jones Industrial...
by cambridgesourcesites | Feb 13, 2023 | Weekly Economic Update
Mixed Feelings And Mixed Earnings Presented by Happy Valley Financial Services Stocks drifted lower as a week of mixed earnings reports and resurgent worries over Fed monetary policy dragged on investor sentiment. The Dow Jones Industrial Average slipped 0.17%, while...
by cambridgesourcesites | Feb 6, 2023 | Weekly Economic Update
Powell: Inflation Heading In The Right Direction Presented by Happy Valley Financial Services Stocks were mixed last week following better-than-expected corporate reports and increasing optimism over a slowdown in interest rates. The Dow Jones Industrial Average edged...
