Fed, Market, & War? (E21)

Jerome Powell is set to speak on April 16th, and with the Consumer Price Index at 3.5%, it appears that rate cuts are unlikely at this time. The market is showing signs of retreat as the elections approach, and the market’s reaction will depend on the outcome. If the current president is re-elected, we can anticipate a market increase; however, if the contender wins, the market will likely decrease, based on historical patterns, with a few exceptions. There is also a looming possibility of war, with President Biden condemning Iran’s attack on Israel.