Wall Street today - neither up nor down

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Today was pretty non-commital as more and more investors can’t decide whether to be happy or sad. Everyone is worried about inflation, rising interest rates, war costs, and anything else you can think of. But a lot of people are still buying, despite downward pressure.

It’s getting to be that time of the year when the volume inches up. What will the Fed do?

The data bolstered views the Fed will remain on the sidelines for the time being. However, slowing economic indicators also mean consumer spending is softening — a key factor that drives the economy and corporate earnings.

With the housing market super-sluggish, it’s doubtful that anyone plans on raising interest rates right this second. But the key indicators are definitely putting everyone on edge. If housing sales actually continue on their current path, a disaster might just be impending.

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