Stock Market Outlook: After Fed’s Rate Hike, Investors Eye Inflation and Regional Banks
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The past week has been a busy one for the markets. The Federal Reserve hiked interest rates another quarter of a percentage point, companies continued to report their earnings from the first quarter of the year, and regional banks became a focus for investors.
What's next?
Now that the majority of key earnings reports are out, the market will be more focused on the macroeconomic picture for the foreseeable future, says Todd Jones, chief investment officer at Gratus Capital. The key driver, he says, will be how the situation with the regional bank system unfolds — and if there is another shoe to drop.
Here’s what investing experts will be watching the week of May 8: