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Strong Earnings Push Stocks Higher; Fed Meeting This Week

Strong Earnings Push Stocks Higher; Fed Meeting This Week

May 23, 2024

The S&P 500 index was higher by 2.7%, with international developed stocks (MSCI EAFE) up 2.0%, and emerging markets (MSCI EM) higher by 3.8% to end the week. Core personal consumption (PCE) increased 2.8% year-over-year in March, above expectations. The Fed is expected to keep interest rates unchanged at their next policy meeting starting Tuesday.

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