The S&P 500 Index ($SPX) didn't have a great month in April, dropping over 4% - its roughest monthly performance since September 2023. This dip came as high wage growth figures made many think the Federal Reserve might keep interest rates high for a while longer.
At its May meeting, the Fed decided not to change interest rates, but hinted that a rate hike was unlikely to be in the cards. However, Fed Chair Powell was cautious, noting that it's not a sure thing that inflation will keep dropping. So now, investors are scratching their heads, wondering where to put their money. It's like trying to pick the best spot on a crowded beach - not easy!
