Markets: New Highs, Fed Narrative

Video: The Hawkish Federal Reserve Narrative Is Slowly Changing

Topics:

- US stock markets trading at all-time highs;
- The Dow Jones Industrial Average (DJIA) is just shy of a new record high;
- The catalyst for the stock market rally: a changing Fed narrative;
- The Federal Reserve does not think that inflation will break out;
- Traders are starting to price in less tightening from the Federal Reserve;
- Pending Home Sales unexpected drop;