Nevertheless, stocks staged a low volume rally perhaps because investors have already factored in rising interest rates. Apple bounced off its recent low. The Fed has raised rates by a quarter point five times since last June and has not implemented a half point hike since June of 1995. Many Wall Street pundits believe that a half point hike would help speed the stock markets towards the conclusion of the Fed's current higher rates policy along with confirming to investors that the Fed is dead serious about slowing the US economy. To slow the robust US economic growth could take another full point of gradual rate hikes spaced through out the year.
Productivity is the most important inflation fighting factor in the economy.
The greater the productivity increases, the higher wages can rise without stimulating inflation. Yet another indication that the economy shows little sign of slowing. For other stories regarding Apple's stock activity, visit our Apple Stock Watch Special Report . We carry RAM for every Mac. Also, Mac Web Hosting 19.95 and Server Collocation 249.95.