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5 Broker-Loved Stocks to Watch Amid Current Market Swings
AALAAG(AAL) Zacks Investment Research·2024-02-06 13:46

In its January FOMC meeting, the Federal Reserve kept rates unchanged but what disappointed investors was Fed Chair Jerome Powell's indications that rate cuts are unlikely in the near future, particularly in March. The Fed is looking for more data pertaining to declining inflation before considering rate cuts.Powell’s statement triggered a massive sell-off, with Wall Street falling sharply on Jan 31.  In fact, U.S. equity markets have witnessed a roller-coaster ride since then, with volatility looming large ...