April 2019 Market Update & Outlook image
Monthly Recap Another busy month with GDP surprising to the upside, Uber preparing for an IPO and much more. To recap, here are just some of the noteworthy events and stories from April: President Trump pressured the Federal Reserve publicly to lower interest rates so the economy can "take off". GDP expanded at a 3.2 percent annualized rate in Q1 2019 on a big boost from inventories and trade that offset slowdowns in consumer and business spending. That followed a 2.2 percent advance in the prior three months.The Fed left rates unchanged when it met during the month. Powell said they view the recent slowdown in inflation as transitory. The Fed doesn't appear to be motivated to move ...
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