CPI, Powell, Clarida — What to know in the week ahead
  • 07.01.2019
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The first wman Jerome Powell’s speech helped to calm jittery investors. All three of the major indices closed higher. The S&P 500 (^GSPC) ended the week up 1.86%, while the Dow (^DJI) rose 1.61%, and the Nasdaq (^IXIC) jumped 2.34%.Powell’s comments on Friday that the Fed is not on a fixed path to hike rates calmed investors. At a conference in Atlanta, Powell said, “With the muted inflation readings that we’ve seen coming in we will be patient as we watch to see how the economy evolves.”