Stocks rallied to end the week after Federal Reserve Chair Jerome Powell suggested that an interest rate cut is likely in September. Speaking at the Jackson Hole symposium, Powell remarked that the “policy rate was restrictive.” That and other comments were enough for investors to push stocks higher.
The rally could be short-lived. September is historically the weakest month for stocks. Plus, the August reading of the Personal Consumption Expenditures (PCE) index will be released at the end of next week. This is the Fed’s preferred inflation gauge, and it could reignite inflation fears.
The market has been anything but quiet this summer, and investors can expect more volatility heading into Fall. The MarketBeat analysts are here to point out opportunities that exist regardless of what’s going on in the market. Here are some of our most popular stories from this week.
