Markets continued their downward trend last week, with the S&P 500 declining 2.27%. Investors navigated ongoing uncertainty surrounding inflation, tariffs, and the economy. On Thursday, the S&P 500 entered correction territory from the highs set in February but is only down 4.13% for the year following Friday’s rally.
Inflation slowed in February, with the Consumer Price Index (CPI) rising 0.2% for the month and 2.8% year-over-year. The Producer Price Index (PPI) was unchanged in February after a 0.6% rise in January, suggesting some stabilization in inflation pressures. Job openings in January increased to 7.7 million, reflecting a still-resilient labor market, though total separations also saw a slight uptick.
This week, the Federal Open Market Committee (FOMC) meets to discuss monetary policy. While no immediate rate changes are expected, investors will closely watch for any signals regarding the Fed’s economic outlook and potential future rate adjustments.
For a more detailed analysis of last week’s markets and economic trends, check out the latest issue of Market Week.
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David Bennett