When the economy is expanding, when more people are getting jobs and spending money, when economic data is improving and investors anticipate more revenue and higher profits for corporations, it’s a pretty good bet that the majority of stocks will be moving higher.
The “buy gold” mantra says that as inflation rises, the dollar weakens and so gold (and really all commodity prices) rise. But that’s not what’s happening….
Fed chair Powell essentially guaranteed another 75 bp rate hike at next week’s FOMC meeting. This will take rates to 3.25%. And the belief is that 4% is the silver bullet for inflation.
Wall Street has been anticipating the Federal Reserve’s announcement today. The Fed has been holding a policy meeting since yesterday to discuss what the U.S. needs to do to combat inflation without resulting in anything catastrophic for the economy and the American people.
Memorial Day weekend is a little more than a week away. In the U.S., Memorial Day and the weekend leading up to the holiday have always been the unofficial start to the summer season. Will travel stocks meet the high expectations?
Every month, inflation is becoming a bigger issue. It’s turned into a major pain to the Biden administration, especially when thinking about November’s midterm elections. Inflation has given opponents of the Democrat party fuel for their campaign rhetoric.
On Tuesday, the Labor Department announced that the consumer price index jumped 8.5% in March from the previous year — this has been the biggest year-over-year increase since December 1981.
We all know that the U.S. has been dealing with some significant supply chain issues. While there have been some initiatives to try to alleviate the inconvenience of these supply chain issues, there are still a lot of looming problems that we can’t seem to shake, like the lack of semiconductor supply.
President Biden and his administration have been warning about a possible attack from Russia against the U.S., which would move Russia’s war into other countries, especially countries that stand with Ukraine. Are these countries prepared for cyberattacks?