Markets in a Minute - Gold Rush
By: Zac Martin
Author: Zac Martin, Investment Associate
Week Ending February 21st – Gold Rush
FOMC Meeting Minutes for the first meeting of 2025. The committee members primarily did not change their stance on the overall growth of the economy. But several members did note that continued inflation progress was likely to be uneven.
Empire State Index continued to rise, primarily due to a significant increase in current new orders. However, forward looking expectations continue to decline, led by lower new orders and shipments as well as higher prices.
Michigan Sentiment Index provided commentary around consumers' forward inflation expectations. Overall inflation expectations were higher than the previous months and shows an accelerating trend.
The week ahead:
- HD, PYPL, AMT & Consumer Confidence Index (2/25)
- MMM, TJX, CRM, NVDA (2/26)
- EOG, DELL, ADSK, HP & GDP Q4 2nd preliminary (2/27)
- Personal Consumption Expenditures (2/28)
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