Winning McNamee The FOMC meeting on Wednesday, December 14 will be an important event as it will end the rapid process of raising rates to catch up with inflation and move into the next phase, focusing on level and duration long. Listening to Fed officials since the November FOMC meeting, it is clear that the …
The Fed could give the market a huge surprise this week Read More »
(Bloomberg) – Stocks tumbled as data showing persistently high inflation bolstered speculation that the Federal Reserve will maintain tighter monetary policy for longer – even if authorities decide to slow the pace of increases next week, as recently reported. Bloomberg’s Most Read The S&P 500 pushed toward a weekly slide after a warmer-than-expected producer price …
Stocks fall as PPI surprise boosts Treasury yields: Markets close Read More »
No one could predict what President Donald Trump would do in the final days of December 2020, and stunned onlookers could only wait and hope. A lobbyist has recalled how he dared not raise the elephant in the room as Trump debated signing the $900 billion COVID stimulus bill. “We didn’t want to give him …
Trump’s surprise Christmas gift to Joe Biden still moves the markets Read More »
(Maurie Backman) If you’re a retiree struggling to make ends meet in the face of inflation, you’re definitely in good company. The cost of living has skyrocketed over the past year and although inflation is showing signs of easing, much progress still needs to be made before people see any noticeable relief. You might especially …
On social security and the return to work? Prepare for that unwanted surprise Read More »
