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QVMM - S&P 500 Pulls Back As Fed Officials Get Lost On Road To Rate Cuts
Invesco S&P MidCap 400 QVM Multi-factor ETF
2024-04-08 07:47:00 ET
Summary
The S&P 500 pulled back from last week's record-high close.
On Monday, 1 April 2024, signs that oil prices are likely to rise in the months ahead pushed up inflation expectations.
Later in the week, several Fed officials responded by trying to dial back expectations for when they will start cutting interest rates.
The S&P 500 (SPX) pulled back from last week's record-high close. The index ended the first trading week of April 2024 at 5,204.34 , a little under one percent below where it ended up the week before....