Time For a Cool Down
As the summer heats up unseasonably early this year, the Federal Reserve has stepped up its efforts to cool down inflation by raising the Fed Funds rate another 75 basis points on Wednesday, June 15th. The stock market (as measured by the S&P 500 Index), which entered bear market territory at the start of this week, at first reacted positively, but then sold off again on Thursday as investors are concerned about the risks surrounding economic growth… or slowing thereof. Read More