Presented by Matt Glova and the LifeTime Asset Management team:
Weekly Market Update, February 27, 2023
The minutes from the February Federal Open Market Committee (FOMC) meeting were released last week and didn’t produce any big surprises. They indicated that, although price increases are slowing, inflation remains well above what the Federal Reserve (Fed) is comfortable with. Global markets sold off last week as they adjusted to additional rate hikes expected from the Fed.
Weekly Market Update, February 21, 2023
The next Federal Open Market Committee (FOMC) rate decision is roughly one month away (March 22), and market participants will pay close attention to economic releases between now
and then. Markets were mixed as investors battled the crosswinds of a reopened global economy with near-term inflationary pressures. The result was a slightly down week for the S&P 500 despite risk assets in emerging markets and U.S. small-caps moving in opposite directions.
Weekly Market Update, February 13, 2023
Rates continued their move higher last week as several Federal Reserve (Fed) members, including Chairs Powell, Kashkari, and Waller indicated there was potentially “more work to do.” This year’s rally gave back some of its gains last week.
Weekly Market Update, February 6, 2023
The Federal Reserve (Fed) increased its policy rate by 25 basis points (bps) at last week’s Federal Open Market Committee (FOMC) meeting, bringing the target range between 4.5 and 4.75 percent. This marks a slowdown in pace for the Fed’s rate hikes, but Chairman Jerome Powell aimed to avoid giving any indication that the job was close to done. The Russell 2000 and Nasdaq Composite indices led the way last week as investors interpreted the FOMC’s January rate decision.