Interactive Advisors brings an online investment management marketplace to investors so you can access over dozens of portfolio managers, investing strategies, and advice.
The Fed’s recent rate hike has pushed the target range to 5.25%-5.50%, the highest level since early 2001, leaving investors to ponder if Powell & Co. are finished with this rate hike cycle or if there is another move waiting in the wings.
The economy appears to have missed the Federal Reserve Bank memo telling it to slow down, with today’s GDP and durable goods data exceeding expectations while initial unemployment claims point to persistent labor market tightness.