Connect with us
As members of the Federal Reserve gathered for this week's two-day meeting, stocks rose again, sending the S&P 500 to within five points of its record high, set Aug. 2.

archive

S&P 500 Approaches Record ahead of Fed Meeting

As members of the Federal Reserve gathered for this week’s two-day meeting, stocks rose again, sending the S&P 500 to within five points of its record high, set Aug. 2.

S&P 500 Approaches Record ahead of Fed Meeting (Bloomberg)

As members of the Federal Reserve gathered for this week’s two-day meeting, stocks rose again, sending the S&P 500 to within five points of its record high, set Aug. 2. â??Everybodyâ??s looking forward to tomorrow to see what the Fedâ??s statement is going to be,â?ť Jerry Braakman, the chief investment officer of First American Trust in Santa Ana, California, said. â??With inflation being benign, it doesnâ??t require a more aggressive tightening than the market would expect.â?ť Large buyback plans are â??returning capital to the market, which helps propel it to new highs,â?ť he said.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Advertisement
Advertisement

TRENDING NOW:

MILK-FAKE: UK Papers Push Farage Fake News 1 Day Before Election

FOREIGN AFFAIRS

Obama Judges Kill Americans’ Privacy to Help Democratic House Harass Trump

U.S. POLITICS

Human Events from London: Farage’s Eyes Power As Brexit Party Surges.

FOREIGN AFFAIRS

Extinction Rebellion’s Useful Idiots: Climate Alarmism Does Far More Harm Than Good

FOREIGN AFFAIRS

archive

S&P 500 Approaches Record ahead of Fed Meeting

S&P 500 Approaches Record ahead of Fed Meeting (Bloomberg)

As members of the Federal Reserve gathered for this week’s two-day meeting, stocks rose again, sending the S&P 500 to within five points of its record high, set Aug. 2. “Everybody’s looking forward to tomorrow to see what the Fed’s statement is going to be,” Jerry Braakman, the chief investment officer of First American Trust in Santa Ana, California, said. “With inflation being benign, it doesn’t require a more aggressive tightening than the market would expect.” Large buyback plans are “returning capital to the market, which helps propel it to new highs,” he said.

Newsletter Signup.

Sign up to the Human Events newsletter

TRENDING NOW:

MILK-FAKE: UK Papers Push Farage Fake News 1 Day Before Election

FOREIGN AFFAIRS

Obama Judges Kill Americans’ Privacy to Help Democratic House Harass Trump

U.S. POLITICS

Human Events from London: Farage’s Eyes Power As Brexit Party Surges.

FOREIGN AFFAIRS

Extinction Rebellion’s Useful Idiots: Climate Alarmism Does Far More Harm Than Good

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter