11/20/2023
By Charles Payne CEO & Principal Analyst

We can’t discuss the stock market without beginning with the most essential driver of all markets: the Federal Reserve and the direction of Fed Funds Going into last week, the Street saw the first rate cut in June 2024 but now sees the first cut in May.

The needle moved on to a better-than-expected Consumer Price Index (CPI) report, which saw the headline and core inflation fractionally easing.

Slowing inflation is good news, but the CPI report had many red flags, which declined primarily because of a plunge in energy prices.

To read full report contact your account representative or email Info@wstreet.com. 

Charles Payne
Wall Street Strategies

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