2024-03-18 08:30:00 ET
Summary
- S&P 500 stumbled slightly recently but continued to rise overall despite inflation concerns and Fed rate pause.
- Energy prices pose a severe threat to the market, so investors should consider buying energy stocks today.
- Fed is unlikely to raise rates this Wednesday, though the strong housing market and falling mortgage rates may influence interest rate policy.
The S&P 500's ( SP500 ) relentless breakout started after the index bottomed on October 27, 2023. Fed pundits interpreted Fed Chair Powell's rate pause at the time as a sign the central bank would cut interest rates. In January, the Fed indicated that although inflation persisted, it would not cut rates . January's hot inflation alert failed to incite stock market selling, either....
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Fed March Meeting Policy Preview: Rate Hike, Pause, Or Cut