While the Federal Reserve has a tradition of willfull obscureness, its closely-watched statement yesterday makes plain there’s a puzzle as the guardians of interest rates look ahead. And Apple is in, AT&T is out. But what does it mean when you get dropped from the Dow? Not much, because what really counts is whether or not you’re in the S&P 500. Why? Because that’s what fund managers care about, and they’re the biggest buyers of stock. Plus, gas prices expected to drop again this week. Last year’s plunge left consumers with a choice: keep buying those smaller fuel-efficient cars that have sold like hotcakes in an age of four dollar a gallon gas, or invest in a bigger, less fuel efficient car?
Stories You Might Like
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
