The stock market was up last week but remains in the same trading range it has been in for the past several weeks. The inflation reports that came out last week were generally in line with expectations and did not make a big impact on the market.
The Federal Reserve meeting today and tomorrow could potentially move the market but maybe not dramatically. If the Fed gives the message that inflation and the economy are moving along as planned, the market could drift upwards in a slower manner than we’ve seen over the past 12 months.
There are times when the market is volatile and times when it’s subdued. It’s been quite mellow since early August and this trend may continue for the next few weeks, to round out the third quarter.
Photograph by: Etienne Delorieux on Unsplash
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