US stocks continued where they left off in Q1 2023, posting strong gains despite a hawkish tone from the Fed. The S&P 500 Index is now up over 15% year-to-date with the US economy yet to show any signs of a recession. The US economy grew at an annualized rate of 2% in Q1 2023, well above forecasts of 1.4%. Consumer sentiment remains strong, while jobless claims continue to tick lower indicating a resilient economy backed by a tight labor market. Inflation now stands at 4%, the lowest since 2021 as energy prices continue to experience a decline. The Fed has indicated that it is keeping the door open to more rate hikes with some members arguing that the current Fed Rate “should be sufficient to move inflation toward the 2% target over an acceptable time frame. Since inflation is now belo
US stocks continued where they left off in Q1 2023, posting strong gains despite a hawkish tone from the Fed. The S&P 500 Index is now up over 15% year-to-date with the US economy yet to show any signs of a recession. The US economy grew at an annualized rate of 2% in Q1 2023, well above forecasts of 1.4%. Consumer sentiment remains strong, while jobless claims continue to tick lower indicating a resilient economy backed by a tight labor market. Inflation now stands at 4%, the lowest since 2021 as energy prices continue to experience a decline. The Fed has indicated that it is keeping the door open to more rate hikes with some members arguing that the current Fed Rate “should be sufficient to move inflation toward the 2% target over an acceptable time frame. Since inflation is now belo
US stocks continued where they left off in Q1 2023, posting strong gains despite a hawkish tone from the Fed. The S&P 500 Index is now up over 15% year-to-date with the US economy yet to show any signs of a recession. The US economy grew at an annualized rate of 2% in Q1 2023, well above forecasts of 1.4%. Consumer sentiment remains strong, while jobless claims continue to tick lower indicating a resilient economy backed by a tight labor market. Inflation now stands at 4%, the lowest since 2021 as energy prices continue to experience a decline. The Fed has indicated that it is keeping the door open to more rate hikes with some members arguing that the current Fed Rate “should be sufficient to move inflation toward the 2% target over an acceptable time frame. Since inflation is now belo