Choppy Week Marked by Rate, Inflation Fears

The S&P 500 closed last Friday at 3,943.23 last Friday and closed slightly down for the day at 3,913.10 this afternoon. The small differential hides a rather eventful week marked by more consternation over inflation expectations and just when exactly ‘lift-off’ will occur in terms of the Federal Funds Rate. Inflation expectations are also rattling markets. However, the Fed held the line and projected continuing dovishness and accommodation. We’ve included the ‘dot plot’ from the S...

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Ray: 762896-8f6187-eb4926-f506a5-43e21b

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