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The post-meeting statement added another mention of the inflation target being “symmetric” in that members would tolerate inflation slightly above or below the 2% target.
Rising rates led to a difficult first quarter for fixed income, but the silver lining is that income opportunities may have improved.
Fed Day. The Federal Reserve (Fed) wraps up its two-day monetary policy meeting this afternoon, with a post-meeting statement to be released at 2:00 p.m. ET.
One of the most popular investment sayings is about to take over the airwaves: “Sell in May and Go Away.” The reason for the concern is that the upcoming six months has historically been the weakest six-month stretch of the year.
Earnings season producing very impressive upside. With 267 S&P 500 Index companies having reported first quarter results, earnings for the quarter are tracking to a 24.6% year-over-year increase.
The week ahead will be busy for investors with a swath of top-tier economic data due out amid quarterly earnings reports from 125 S&P 500 firms including Apple, McDonald’s, and Ford.
The Commerce Department announced that the U.S. economy grew 2.3% year over year in the first quarter, better than the consensus estimate of 2.0%, but beneath last quarter’s 2.9% and the 3.2% rate seen in the third quarter of 2017.
Economy slows, with little expected impact for the rest of 2018. The U.S. economy grew at 2.3% in the first quarter, better than the consensus estimate of 2.0% but a slowdown from the near 3% growth of the prior three quarters.
There’s a certain mystique surrounding the Federal Reserve (Fed) and how its decisions affect the economy and the interests of investors.