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Stocks rose in what seemed like a straight line over the first three months of 2024 as the S&P 500 (^GSPC) notched its best first quarter return in five years.
Since the start of April, it's been a different story.
The S&P 500 has dropped nearly 4% this month as investor hopes that the Federal Reserve will cut rates continue to fade.
"We've said at the FOMC that we'll need greater confidence that inflation is moving sustainably toward 2% before it would be appropriate to ease policy," Fed Cha...
>>> Read more: Stocks set to follow 'bumpier path' forward after stellar first quarter
Since the start of April, it's been a different story.
The S&P 500 has dropped nearly 4% this month as investor hopes that the Federal Reserve will cut rates continue to fade.
"We've said at the FOMC that we'll need greater confidence that inflation is moving sustainably toward 2% before it would be appropriate to ease policy," Fed Cha...
>>> Read more: Stocks set to follow 'bumpier path' forward after stellar first quarter
