Rarely do investors have as much newsworthy information to digest as we received this week. The Federal Reserve held its April meeting and, as expected, did not change the direction of monetary policy and remained steadfast in its new framework regarding inflation. Fed Chair Powell did indicate that he felt the economy was at an inflection point. That thought was hammered home when the U.S. Bureau of Economic Analysis (BEA) released the GDP report for the first quarter later in the week. As expected, the economy was exceptionally strong, growing 6.4%, boosted by multiple rounds of fiscal stimulus and pent-up demand.