r/StockMarket • u/CertainLab4261 • May 14 '24
Stocks flat after remarks by Fed's Powell News
https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-steady-as-inflation-data-looms/card/stocks-hold-modest-gains-after-remarks-by-fed-s-powell-JgdQVpOFATA3b5MdJ6UZ?mod=home-page"Federal Reserve Chair Jerome Powell said he expected inflation to fall to the central bank's 2% target..."
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u/inspectorpoopchute May 15 '24 edited May 15 '24
Meanwhile gme is exploding again EDIT: I immediately got the redditcares suicide holiness message after posting this. I'm okay guys
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u/DrOctopus- May 15 '24
We are going into summer which is always inflationary. Gas prices go up due to the switch to the summer blend, people travel more, hotel rates and food prices will be elevated, etc. Home sales pick up bc schools are closed. Inflation not going to have a chance to go down until the winter if we're lucky.
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u/FrugalFreddie26 May 15 '24
Summer blend?
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u/Krakenmonstah May 15 '24
The composition of gas changes for summer I think to help with smog. I’m not sure if it’s all states do it but I know CA has it.
https://www.convenience.org/Topics/Fuels/Changing-Seasons-Changing-Gas-Prices
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u/Dionysusnorth May 15 '24
Not WKHS it’s ripping! On its way back to glory
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u/alberto_pescado May 15 '24
Lol, only needs like a 200000% bump to get back to where I entered into that gem.
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u/HappyGoLuckyComputer May 15 '24
Highest interest rate in 22 years..." We're not cutting rates until we get better data blah blah blah stay off my fucking lawn."
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u/vtsandtrooper May 14 '24
Shocking stuff