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Attitudes begin to shift regarding monetary policy, economic growth, and stock prices
This post was originally published on TKer.co Stocks declined, with the S&P 500 falling 1.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} last week. The index is now up 6.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} year to date, up 14.4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from its October 12 closing low of 3,577.03, and down 14.7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} from its January 3, 2022 closing high of 4,796.56. Over the past two weeks or so, it seems attitudes have begun to shift favorably regarding monetary policy, economic growth, and the trajectory of stock prices. 1. The Fed acknowledges inflation is coming down 🦅 In May of last year, Fed Chair Jerome Powell warned “there could be some pain involved in restoring price stability.” A month later, we learned inflation was…