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Archive by tag: consumer spendingReturn
February 2023
The Federal Reserve's plans to adjust the federal funds rate have garnered attention recently, with New York Fed President John Williams stating that a move to 5.25% by the end of 2023 seems reasonable. The federal funds rate, also known as the benchmark interest rate, is a tool used by the Federal Reserve to manage the economy by influencing borrowing costs and economic activity. The potential rate hike is driven by strong economic growth and rising inflation. A higher federal funds rate ca...
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The US stock market experienced a decline in the futures market due to downbeat earnings reports from several of the largest companies, including tech giants and financial powerhouses. Despite this setback, the overall economic picture remains positive, with low unemployment, strong consumer spending, and rising inflation pointing towards a strong market performance in the coming months. The recent pullback in the tech sector also provides an opportunity for investors to buy into the market at a...
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