Panics of a bank run compelled lenders to take less risk with their capital reserves to ensure they have sufficient cash to cover any slew of withdrawal requests. The recent bank meltdown, by the way, is hurting broader stock market returns. Instead, they mentioned that the Fed “anticipates that some additional policy firming may be appropriate.”įed Chair Jerome Powell this time urged market pundits to focus more on words such as “some” and “may”, and not necessarily on “policy firming.”His advice did assure investors that the central bank is likely to press the pause button on interest rate hikes. But policymakers in their statement did get rid of the term “ongoing increases” in interest rates. The Fed did raise interest rates by 25 basis points recently in an attempt to curb stubbornly high inflation. After all, interest rate hikes do impact consumer outlays and increase the cost of borrowing. Investors were optimistic that the Federal Reserve will pause interest rate increases in the near term, which undoubtedly bodes well for economic growth.
The S&P 500 and the Dow too finished higher and regained some of the losses from Wednesday’s selloff. stocks closed higher on Mar 23 despite a volatile trading session, with gains from mega-cap stocks like Apple and Microsoft helping the tech-heavy Nasdaq climb northward. Here are highlights from Friday’s Analyst Blog: Fed Policy Pause & Yellen’s Assurance Buoy Wall Street: 5 Picks Stocks recently featured in the blog include: Comfort Systems USA FIX, Hershey HSY, Wynn Resorts WYNN, Insulet PODD and Lattice Semiconductor LSCC. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
Chicago, IL – Ma– announces the list of stocks featured in the Analyst Blog.
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