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Pelican Blog
First off, the Federal Reserve has decided to put its foot on the brake, slowing the pace of rate hikes. This decision, however, is not a conclusive halt but more of a temporary recess, in response to lags in economic data. Fed Chairman Jerome Powell emphasized that progress has indeed been made to reel in...
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The Fed’s Decision: A Pause on Rate Hikes In its most recent meeting on June 14, 2023, the Federal Reserve made a significant decision that has implications for everyone from Wall Street to Main Street. The Fed decided to hold the target range for the federal funds rate steady at 5 to 5-1/4 percent. This...
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As we delve into the month of June 2023, the stock market has been showcasing notable activity, keeping investors on their toes. The S&P 500 has demonstrated a steady upward trajectory, reflecting growing investor confidence, while the Nasdaq Composite has exhibited volatility, driven by fluctuations in the technology sector. It’s essential to examine the upcoming...
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The first half of 2023 has been marked by a significant run-up in the markets, particularly in the technology and artificial intelligence sectors. The tech-heavy NASDAQ Composite has seen a year-to-date (YTD) increase of 15.2%, outpacing the broader S&P 500, which has grown by 11.8% YTD. Leading the charge in the tech sector are some...
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