To gain an edge, this is what you need to know now.
Fed Minutes
Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).
Note the following:
- The chart indicates when the Fed minutes were released.
- The Fed minutes indicate caution is warranted by prudent investors. Here are the key points:
- The Fed is going to follow the data.
- At some point, the Fed may slow the pace of rate increases to allow time to assess the effects of previous increases as the data is lagging.