#investments #fed   #sp500

ikkinomics P.M. 

• The S&P 500 closed the month of October negative, marking its third consecutive month of decline.

•  The Federal Open Market Committee, the FOMC, of the FED maintained its reference rate in a range of 5.25% to 5.5%, which was what the Market expected.
  
  
  
• Jerome Powell, president of the FED, in his conference today pointed out that the current rate levels are beginning to have effects on the economy and inflation, which can be interpreted as less need to continue with rate increases; But, as is also usual, I point out that inflation remains above the 2.0% goal and that the labor market remains solid, which would imply the possibility of maintaining the rate at high levels for longer than estimated.
  
  
  
  
• Today the three main indicators ended positively:
  
• S&P500 +1.05%
  
• Dow Jones +0.67%
  
• Nasdaq +1.7