On the SPOT™ blog (08/07/2023) [A..]
- Salyl Bhagwat
- Aug 7, 2023
- 3 min read
This morning investors are evaluating the comments from Federal Reserve officials that essentially reaffirmed that more interest rate hikes could be necessary and that restrictive fiscal policies are here to stay for a while. While this doesn't change the existing narrative, it does put the focus back on important data due this week viz. CPI and PPI data due this Thursday and Friday respectively. DJIA and S&P500 are in the green and Nasdaq composite is in slight red this morning (PST).
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