Last week was a strong one for the market, even though corporate earnings were mixed. (More on this in the next section.) Overall, the Dow Jones Industrial Average (DJIA) closed at new yearly highs on Friday at 35,227.69. The S&P 500 followed suit most of the week, up 18% for the year before sliding off to end the week.

Markets have priced in two more hikes, a brief pause and then cuts. But what the markets have overlooked is the possibility of rates staying “higher for longer,” which is beginning to be a more likely possibility.

Federal Reserve Chairman Jerome Powell doubled down on talk of additional, consecutive interest rate increases in the coming months — forecasting a potential half-percentage-point increase through the end of 2023 as the Fed had implied at its June meeting.

THE WEEK IN REVIEW: May 1 - 7, 2022
• Markets move wildly as Fed makes announcement about rates:
>>> The Fed makes its move and markets react
• Fixing inflation is not as simple as some say it is

THIS WEEK IN REVIEW: APR 24 - 30, 2022
• GDP shrinks and markets drop as earnings disappoint:
> Same story, different week
• What will the Fed do this week?
• Not-So-Happy Meal

THIS WEEK IN REVIEW: APR 17 - 23, 2022
• Chaotic week for markets:
─ Q1 2022 GDP and where this economy is headed.
─ Q1 earnings strong so far— but can they continue?
• The Fed’s making moves in May

THE WEEK IN REVIEW: APR 10 - 16, 2022
• Markets struggle as inflation continues its upward climb. Inflation is not going anywhere soon.
• The earnings train starts its 2022 journey

THE WEEK IN REVIEW: APR 3 - 9, 2022
• The market starts to ponder higher rates
• Oil execs or politicians: Who’s slicker?

THE WEEK IN REVIEW: MAR 27 - APR 2, 2022
• Markets are at a crossroads
• Bottom of the barrel — not so strategic!

THE WEEK IN REVIEW: MAR 20 -26, 2022
• Is the Fed about to go on the offensive in the war against inflation?
• Stocks jump for second week in a row
• Job market tightens up

THE WEEK IN REVIEW: MAR 13 - 19, 2022
• Ukraine situation grows grimmer, oil rise stalls and the markets breathe a sigh of relief
• The Fed makes its move!

THE WEEK IN REVIEW: MAR 6 - 12, 2022
• Markets have a wild week but still grind lower
• The Fed and its dilemma

THE WEEK IN REVIEW: FEB 27 - MAR 5, 2022
• State of the Union comes and goes while Russia-Ukraine conflict continues with no end in sight
• Powell lays it out and shuts down 50 bps talk; the job market is still rocking while oil hits highs not seen since 2008

THE WEEK IN REVIEW: Feb. 13 - 19, 2022
• A game of chicken (Kyiv)
• Inflation keeps grinding upward

THE WEEK IN REVIEW: Feb. 6 - 12, 2022
• No end in sight yet
• Ukraine in the crosshairs
• Free at last?

THE WEEK IN REVIEW: Jan. 30 - Feb. 5, 2022
• Meta’s faceplant!
• The jobs conundrum and the Fed

THE WEEK IN REVIEW: Jan. 23 - 29, 2022
• The markets take a wild ride!
• Fed lays out its tightening plan

THE WEEK IN REVIEW: Jan. 2 - 8, 2022
• New year, old problems — and same solutions
• Jobs, narrow markets and inflation
• 7 companies constitute 25% of the S&P 500

THE WEEK IN REVIEW: Dec. 26 - Jan. 1
• One more gift in Santa’s bag
• What’s ahead in 2022?