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Friday's trading session mirrored the up and down week for Wall Street. The Dow won the day to eke out a winning week, while both the Nasdaq and S&P faltered again as their losing streaks continued.
The past few weeks for the markets have been messy to say the least. The impacts of stubborn inflation, the hesitancy from the Fed to cut rates, and now the Middle East have unleashed a surge in volatility.
It wasn't long ago that most predictions on interest rates forecasted five cuts this year. Then, that number dropped to just three. Now, based on new comments by Fed officials, any cuts may have to wait.
Inflation may have turned the heat back on, but consumers keep shrugging it off. Retail sales last month showed no signs of stalling even as prices climbed higher. Where all the money went in this report.
It's all about the numbers for Wall Street this coming week. The latest PCE report lands Friday. This is the inflation reading most preferred by the Fed. Also to come, a GDP update and tech earnings reports.
During the decades we worked, the idea of retirement always seemed so distant. Then one day, it's here. Good planning is critical, including when to start receiving social security. Best advice: don't rush it.
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