Our PureVest Weekly Roundup looked at February’s latest inflation readings, which led to the market’s first down week in the past seven. Persistent inflation may signal that the Federal Reserve may delay cutting interest rates longer than anticipated. It’s important to note that the overall inflation trend has steadily declined since peaking at over 9% in August of 2022. AMD is far behind NVDA in the AI chip business, but they are looking more and more like the solid number 2 competitor. We added a quick recap of Q1 earnings, which were solid overall; S&P 500 earnings grew at a 3.4% rate year over year. Mortgage rates fell as more inventory hit the market. Enjoy the light reading, and have a great weekend.
Markets & Economy:
Stocks set for weekly decline on Fed cut expectations
source:www.reuters.com
Here are 3 key things to know with one month until the tax deadline
source:www.cnbc.com
Why AMD Doesn’t Have To Beat Nvidia To Be A Winner In AI Chips
source:www.investors.com
Q1 Earnings Report Card
source:www.factset.com
House passes a bill that could lead to a TikTok ban if Chinese owner refuses to sell
source:www.apnews.com
Mortgage rates continue to drop as spring brings more inventory: Freddie Mac
source:www.foxbusiness.com