Previous close | 15,246.23 |
Open | 15,259.30 |
Volume |
Day's range | 14,921.95 - 15,259.28 |
52-week range | 13,400.45 - 16,717.04 |
Avg. volume | 107,769,677 |
The Fed is aiming to avoid a repeat of the double inflation episode that rocked the 1970s and early 1980s.
Facing a "bumpy" path to 2% inflation, Jay Powell and the Fed don't have much in the way of historical precedent to work with. Cut cycles aren't the same as they used to be.
The S&P 500 has had a remarkable run over the past five months, chalking up a 25% gain. But contrary to feelings that things have risen too quickly, history says that strength begets strength.