Tag: Interest Rate Hike

Compliance March 22nd, 2023

Powell Says Lowering Inflation to 2% Is ‘Likely to Be Bumpy’

Federal Reserve Chairman Jerome Powell reiterated the Fed’s commitment to lowering inflation.

Investing March 16th, 2023

SVB Collapse Likely to Discourage Rate Hikes

PGIM fixed income experts see a 25 basis point hike next week, no others this year as inflation is less of a risk than larger economic headwinds due to bank concerns.

MARKET MIRROR

Friday, the Dow gained 415.12 points (1.26%) to close at 33,274.15, the Nasdaq gained 208.44 points (1.74%) to close at 12,221.91 and the S&P 500 increased 58.48 points (1.44%) to close at 4,109.31. The Russell 2000 gained 34.10 points (1.93%) to close at 1,802.48 and the Wilshire 5000 increased 621.46 points (1.55%) to close at 40,708.41.

The price of the 10-year Treasury note increased 29/32, bringing the yield to 3.471%. The price of the 30-year Treasury bond increased 1 27/32, bringing the yield to 3.653%.

For the week ending March 31, the Dow gained 3.22%, the Nasdaq increased 3.37% and the S&P 500 increased 3.48%. The Russell 2000 gained 3.89% and the Wilshire 5000 finished 3.69% higher.