top of page

Resilience with Caution: Powell and Inflation Data Redraw Market Expectations

  • Ballestas Group
  • Nov 18, 2024
  • 1 min read

The U.S. economy continues to show resilience, but mixed signals keep the market on edge. In a speech in Dallas, Federal Reserve Chairman Jerome Powell noted that while the labor market has cooled, it remains solid, and the economy has performed "surprisingly well." Inflation, however, is progressing on a "sometimes bumpy road" towards the 2% target. Following these statements, expectations for a December rate cut diminished, and markets no longer anticipate cuts at every future meeting.



Recent Posts

See All
Tariff Shock and Market Response

The week was marked by a sharp drop in the main US stock indexes (S&P 500: -9.05%, Nasdaq: -9.99%), in a context of growing trade tension...

 
 
 

Comments


ballestas-logo-blanco-1.png

Securities Offered Through Bolton Global Capital, Inc. Member FINRA, SIPC 

Advisory Services Offered Through
Bolton Global Asset Management, a SEC Registered Investment Advisor

Ballestas Group, Bolton Global Capital and Bolton Securities are not affiliated with BNY Mellon or Pershing, LLC.

State securities laws require that your Financial Representative be registered in the state in which you live.  For this listing, please refer to the Broker Check Link provided.

Check the background of your financial professional or our broker-dealers and registered investment advisor on FINRA's BrokerCheck. ​Bolton Global Capital, Bolton Global Asset Management and their financial professionals do not provide tax services. Copyright Bolton Global Capital, LLC, a registered broker-dealer.  For more information, visit https://finra.org or https://sipc.org.  Copyright Bolton Securities Corporation, d/b/a Bolton Global Asset Management and other trade names, a federally registered investment advisor.

 

Click on the following LINK for copies of the firms’ Form ADV, Client Relationship Summary, Brokerage and Advisory Accounts Fee and Conflicts Disclosure and other important disclosure information.

Ballestas Group © 2023. All Rights Reserved.

MB1/MBA0001d

bottom of page