Club week in review

Dow has worst week since September as investors anticipate CPI and Fed meeting

Dow has worst week since September as investors anticipate CPI and Fed meeting

It’s been a bumpy week for stocks. The market came under pressure at the start of the week as investors worried that the elevated wage pressure seen in the November jobs report could push the Federal Reserve to raise interest rates higher than scheduled for next year to fight inflation. After a brief midweek respite, …

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Expect more turmoil after a week of mixed market signals

Expect more turmoil after a week of mixed market signals

All major stock averages closed higher for the week thanks to a Friday afternoon rally that pushed the Dow back into positive territory. Several key economic reports drove the action, including the ADP November Nonfarm Payrolls and Employment Reports and the October Personal Spending Report. Most important, perhaps, was Federal Reserve Chairman Jerome Powell’s comment …

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