Did the latest PPI data impact the stock market negatively? Recently, major indices snapped a two-week win streak. “Dow Jones today has performed better than the S&P 500 Index or SPX and the Nasdaq-100. I do not think that the stock market will be impacted by the upcoming FOMC meeting. All of the economic data is giving Fed Chair Jerome Powell the ability to continue increasing interest rates. This will cause the labor market to break,” says TJM Institutional Services’ Chris Robinson.
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