This is the same recap I sent out via text on Friday.
Shawn will be posting an income strategy from his mock portfolio later on tonight.
The big news this week was the FOMC meeting. The Fed decided to remove the 6.5% unemployment rate as a forward guidance target. Meaning the Fed will continue to keep interest rates low, which will encourage lending until the economy is stable. The removal of the 6.5% indicates that they are looking at more than just employment to gauge economic growth.
Putin's comments eased some concerns of escalating tensions but commodities are still facing some volatility.
There was some single stock news that put pressure on the major indexes but all and all, Friday ended light.
Thanks for reading,
Brit
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