On Friday, the S&P 500 experienced a decline, marking its second consecutive weekly loss.
On Friday, the S&P 500 experienced a decline, marking its second consecutive weekly loss. This downturn was primarily driven by pressure on technology stocks, as inflation concerns persisted and took center stage ahead of the Federal Reserve's upcoming policy meeting. However, stocks are still hovering near their all-time highs, with record inflows observed in US equity funds last week.
This suggests that investors anticipate Powell will provide updated messaging reflecting the current inflation landscape, meaning he could lean a shade hawkish. Indeed, the more pronounced inflation stubbornness suggests that Fed easing appetite could wane, which might be reflected in the ‘dot plot’.
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