Finance
Stocks Slip as Fed Preaches Patience on InterestRate Cuts; Earnings in Focus this Week
Date: 2024-02-05 16:32:01
In this MoneyShow Market Wrap for the week beginning February 5, 2024, Editor-in-Chief Mike Larson notes that stocks are struggling a bit after #FederalReserve Chairman Jay #Powell pushed a message of patience on the rate cut front in a 60 Minutes interview Sunday. He adds that #mortgage rates have been coming down regardless amid optimism on #inflation, helping the #housing market. #Investors will be closely watching a host of Q4 earnings announcements, as the week wears on.
