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Mega-cap US technology stocks were a bright spot last week. The FANG+ index, which tracks the top 10 most traded tech companies, rose 3.2% last week for a gain of 43.1% so far in 2023. This compares favorably against the S&P 500's year-to-d...
The Federal Reserve raised interest rates by 25 basis points on Wednesday, a widely expected move that took the federal funds rate to a range of 5–5.25%. The Fed also opened the door to pausing its rate-hiking cycle.
### Last month, fears of high inflation and rising rates were met head-on with the threat of a financial crisis and slowing economic growth. Yet equity investors have taken the turmoil in stride: The S&P 500 is near its 12-month high, and t...
US economic data released last week provided clearer signs that inflation is cooling. The headline consumer price index rose 5% y/y in March, which was the smallest increase since May 2021 and down from 6% in February. However, core CPI ros...
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