Stocks Head Higher in Last Session of Turbulent Quarter
interest rates. The stock market is doing well despite some turbulence in the banking system and changing outlooks for inflation and interest rates.
The stock market was expected to finish the third quarter with a positive outlook, following a
Stormy Three Months
In which the markets were thrown into turmoil by changes in inflation and interest rate forecasts, as well strains within the banking system.
Early Friday, the Federal Reserve released its preferred inflation measure, the core personal consumption expenditures price index.
In February, the pace of growth slowed.
The central bank's campaign to reduce inflation earlier than expected has raised hopes.