Fed's Inflation Strategy Is Working: Inject Liquidity Into Banks

There's a slowdown on the horizon, but you know, this week we're going to very likely get a positive reading on first quarter real GDP growth, notes Preston Caldwell. He talks about how futures are lower as earnings season kicks into gear. He talks about the Fed's inflation fight and previews the Fed meeting which is May 2-3. He highlights that the Fed strategy is to inject liquidity into the banking system so that it doesn't have to cut the Fed funds rate, and it looks like that strategy has worked. He then goes over the economic calendar for the rest of this week. This week's mega-cap earnings include Microsoft (MSFT), Alphabet (GOOGL), Meta (META), and Amazon (AMZN) and today's notable ecodata include New Home Sales, Consumer Confidence, and Richmond Fed Manufacturing. Tune in to find out more about the stock market today.