The market has continued to hit new record highs this week.
The market finished higher on Friday—with the Dow turning positive for 2020, thanks to solid economic data and the Federal Reserve’s new inflation policy that will keep interest rates lower for longer. Stocks have continued to hit new records this week: On Thursday, the market rallied after the Federal Reserve announced a major policy shift. The central bank will allow inflation to run higher in a bid to support the economy and keep interest rates low for a longer period of time.
