Issue 14: The Fed Done With the Tightening

Federal Reserve officials raised interest rates by a quarter-point last Wednesday to a range of 5% to 5.25%. It was the 10th straight increase, capping the fastest series of rate increases since the
1980s and reaching a level not seen since 2007. Investors did not like the action, thinking that it was superfluous, unnecessary and bold. The S&P 500 fell 33 points registering a weekly decrease of 0.7%.

 

Follow us on: LinkedIn

By Hubert Marleau

Continue Reading in PDF

By Hubert Marleau

All products and services of Palos Wealth Management Inc and Palos Management Inc. are only available for sale to residents of Canada, unless the laws of a foreign jurisdiction permit sales to its residents. The contents of this site should not be considered an offer to sell or a solicitation to buy products or services to any person in a jurisdiction where such offer or solicitation is considered unlawful.