Market Pulse

Market Pulse

March 18,2024

Market views heading into the week highlight what we're watching and important news ahead.

A look back

  • Stocks were down for the second-straight week as the S&P 500 saw a modest 0.1% decline. Small caps and international stocks lagged, dropping 1.7% and 1.3%, respectively.
  • Yields spiked following hotter-than-expected inflation data. The 10-year U.S. Treasury yield closed Friday at 4.31% after ending the previous week at 4.08%.
  • Both the Consumer and Producer Price Indices (CPI and PPI) showed inflation was higher than expected in February. Energy prices rebounded sharply last month to fuel higher inflation.

A look ahead

  • The Federal Reserve’s policy meeting will take center stage on Wednesday. The central bank is expected to hold interest rates steady, and investors will look to Chair Powell’s press conference for clues on the timing of potential rate cuts.
  • The housing market will be in the spotlight in a light week for economic data.
  • Economic releases: Housing Starts, FOMC Meeting, Existing Home Sales, Leading Economic Indicators.

The latest research & insights

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