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Tag: NCAA
The S&P 500 broke a four-week losing streak with modest gains last week, rising 0.51%. All 11 sectors advanced, with notable strength in financials, health care, and information technology.
As expected, the Fed held interest rates steady last week while acknowledging solid economic activity and a tight labor market. Inflation remains somewhat elevated, but the central bank’s outlook now includes expectations for easing later this year.
This week, investors will weigh the final ...
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Weekly Market Update – 1.16.2024
Last week, the Michigan Wolverines pounced on the Washington Huskies in the NCAA Football Championship. Their victory is analogous to how the shelter component dominated the warmer-than-expected inflation data in the December Consumer Price Index (CPI). The index component for shelter continued its rise, contributing to over half of the overall CPI increase.
The owners’ equivalent rent of residences (OER) survey, which accounts for 75% of the shelter index, could overstate current ...
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