Next Steps Heading into the last week of April, market sentiment changed dramatically. The S&P 500 fell below 5,000 for the first time since surpassing that level in February. The rise in Treasury yields is to blame, as expectations for rate cuts have dwindled. In short, some worry has creeped back into the market after…Read more
SoFi Hong Kong Blog
Worth the Wait? Here’s what we know: Rate cuts are starting later than we thought. Here’s what we don’t know: When they do begin, how quickly will they progress? This got us thinking: What might markets look like in different scenarios? Right now, fed funds futures are pricing in a scenario where the Fed cuts…Read more
The cost of child care outpaced inflation in March, as parents across the United States grapple with the price they pay for quality care of their children. The cost of daycare and preschool rose 4.4% year-over-year in March, per data from the Bureau of Labor Statistics, while the overall inflation index rose 3.5%. Rising Costs…Read more