NWP Monthly Digest | May 2023
May is an eventful month on Wall Street, with the release of first-quarter earnings reports and a Federal Reserve meeting scheduled for tomorrow. Investors are anticipating a 25 basis point rate hike as the Core PCE Index, the Fed's preferred inflation gauge, was recently reported at 4.6% - well above the Fed's target of 2%.
Silicon Valley Bank's Collapse and What's Next?
“Is my money safe?”
Perhaps it’s a question you’ve been asking yourself over the past few days. Certainly, quite a few of our clients have been, and we understand the concern.
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