Fine Marketz

Economic data, stronger dollar and price of oil all factors ahead of FOMC

Next week is kind of a no-man’s land, where we’re waiting on the Fed. And, we’re still seeing high energy prices, so I expect to see a lot of volatility but probably not a lot of direction,” said Jeffrey Klein top, chief market strategist at LPL Financial. Major U.S. stock indexes closed the books on a turbulent week with solid gains on Friday after government data and a decline in oil prices offset worries about the impact of escalating prices on consumers.

“We’ve got a lot of the key economic data under our belt now,” said Kleintop of retail sales data and the Consumer Price Index, both of which helped bolster equities toward the latter part of last week.

so we conclude that US dollers rates are now growing.

Tushki

 

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