This week, Wall Street got answers to 2 of its biggest questions as FED officials met for their most recent two-day policy session...
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| Powell Gives FED Updates and Thoughts on Delta Variant |
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Two of the leading factors in the recent market fluctuations we've been seeing over the past month are investor concerns over U.S. inflation rates and the continued spread of the Delta Variant within the U.S. borders… Well, this week, Wall Street got answers to both as FED officials met for their most recent two-day policy session. Afterwards, FED Chair Jerome Powell made himself available for comment during a press briefing where he shared the details of the meeting and his thoughts on the impact the new virus will have on the U.S. economy. All of this coming at a time when the markets work to recover from what can only be described as a roller coaster ride of a month! |
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At the Olympics, there's been lots of virus shuffling due to Rahm and DeChambeau testing positive... Luckily, America's boy wonder — and most recent Open Championship winner — Collin Morikawa is still in the championship. He's been on fire lately, establishing himself as a player with the potential to reach the heights of a Tiger Woods! ... But at +700, Morikawa has fierce competition from a solid pair of +1200 favorites… One from Norway… and the other from host country, Japan. Can he bring home gold for Team USA?
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Traders are returning to a booming market Monday as many records were made within a four-day period in the passing days. With this positive news update the talk of Wall Street at the beginning of the new week, today we take a look at this record-breaking streak the markets have managed to stay on and what we can expect from them in the days ahead. … And though there are many events occurring during the following week, including the usual earnings reports and market updates, today, in addition to the above, we're going to take a look into what some are considering the biggest event of the week, the upcoming two-day FED conference where a decision on the future of the U.S. inflation rate could finally be announced! |
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Traders can let out a sigh of relief as this week comes to a close as the markets appear to be heading back in the right direction! After several days of the markets in the RED, many on Wall Street weren't sure how long it might take for things to turn around but, as we've all come to expect, the markets are unpredictable and, today, it appears that the markets are going to wrap up the week in the GREEN. Yet despite this most recent positive news coming as our week comes to a close, several concerns still linger in the backs of the minds of many traders of mounting problems that could put a quick stop to this recent growth... |
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