Tag: Interest Rates

Last week, investors embraced positive economic data. July’s CPI was 2.9% compared to one year ago. Following the upbeat CPI report, the probability of the Fed cutting rates at their September meeting remained 100%. Strong retail sales and lower initial Jobless claims comforted investors after the disappointing jobs reported two weeks ago. Stocks posted their best week of the year, with the S&P 500 gaining 3.99%.   The real estate sector ...