5 from 5i: Fed Focused On Getting Back Toward Neutral

Chris White Dec 17, 2021
Headline image for 5 from 5i: Fed Focused On Getting Back Toward Neutral

Market View

All eyes were on the Federal Open Market Committee (FOMC) meeting this past Wednesday, as the Federal Reserve indicated that it will be doubling the pace of tapering and are expecting three rate hikes in 2022. North American indices witnessed a lot of volatility this past week. Gold prices increased, while oil prices dipped. The Canadian dollar was 77.88 cents USD. U.S. S&P500 ended the week down 2.1%, and the TSX declined by 0.9% on the week.

Most sectors declined this past week, with energy falling 6.5%, technology decreasing by 3.4%, and healthcare dropping by 0.7%. Consumer staples increased by 2.0% materials rose by 2.8% on the week, and utilities are up 3.1%. The most heavily traded shares by volume were BCE Inc.Kinross Gold, and Barrick Gold Corporation.

5 from 5i

Here are five reads we found interesting last week:

Happy Reading & Stay Safe!


Disclosure: The analyst(s) responsible for this report do not have a financial or other interest in securities mentioned.



Login to post a comment.

No comments have been posted yet.