The Fed voted to hold interest rates steady at 525 – 550 basis points. However, it was Powell’s comments after the meeting that caught the markets’ attention. While there was still a lot of hedging in his statement on Wednesday, his comments stood as a marked shift in tone. This gave quite the gift to both the equity and bond markets.
The Major Markets closed mostly higher last week, although there was some weakness after a number of back-to-back weeks of gains.
Looking ahead to 2024, now is a great time to consider tax strategies in connection with general financial housekeeping. As your trusted one-stop shop for financial services, your Larson team wants to make sure you take advantage of every opportunity to maximize your tax savings while growing your wealth for the future.
Explore the latest insights on the financial markets with Larson Market Commentary. Dive into the fifth consecutive week of gains for the S&P 500, discover the standout performance of Small Cap Value stocks, and stay updated on key market indices and S&P sectors. Get expert analysis on the economic landscape, including missed expectations in New Home Sales and the dynamic shifts in the Yield curve. Agent/Broker Dealer Use Only.
The Major Markets saw new life last week after two weeks of losses. For the S&P 500, this marked the largest gains in 51 weeks.
The Larson Financial Group invites you to the Mastro’s Ocean Club for an exclusive dinner event.
Last week saw the release of Q3 GDP which came in hotter than expected at 4.9%, compared to estimates of 4.7% and the prior quarter’s Q2 result of 2.1%.
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