Kaltbaum Capital Management President Gary Kaltbaum and Ladenburg Thalmann Asset Management CEO Phil Blancato weigh in on the latest Federal Reserve decision, today’s markets, earnings season and economic trends.
The Federal Reservemaintained ultra-low interest rates and reaffirmed its commitment to other easy monetary policies as the U.S. economy faces down a pair of new threats: surging inflation and rising COVID-19 infections that prompted the CDC to reinstate a select mask mandate.
U.S. stocks attempted to regain some footing with modest gains for the S&P 500 and Nasdaq Composite while the Dow Jones Industrials remained under pressure.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| I:DJI | DOW JONES AVERAGES | 34996.07 | -62.45 | -0.18% |
| SP500 | S&P 500 | 4409.93 | +8.47 | +0.19% |
| I:COMP | NASDAQ COMPOSITE INDEX | 14796.19726 | +135.62 | +0.93% |
Chairman Jerome Powell's press conference tackled the emerging COVID-19 Delta variant, inflationary trends, and the ongoing debate about tapering.
FOX Business' LIVE Blog below, monitored the developments and market reaction. Mobile users click here.
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