Wall Street Week Ahead: Fed meeting looms for stocks as inflation worries collide with ‘Goldilocks’ markets By Reuters – Investing.com
- Date: 12-Jun-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Wall Street Week Ahead: Fed meeting looms for stocks as inflation worries collide with ‘Goldilocks’ markets By Reuters – Investing.com
By Lewis Krauskopf
NEW YORK (Reuters) - Investors will be zeroing in on the Federal Reserve's monetary policy meeting next week as a "Goldilocks" market environment that has helped lift stocks to record highs and tamed a bond selloff is tested by rising inflation.
Stocks have climbed steadily in recent weeks and now stand at fresh records, extending a rally that has seen the S&P 500 gain 13% this year and nearly 90% from its March 2020 low. U.S. government bonds have also rallied after their first-quarter selloff, with the benchmark , which moves inversely to prices, recently at 1.46%, some 30 basis points below its first quarter highs.
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