We interrupt your gas pump happy dance with rotten news: Inflation, as measured by the headline Consumer Price Index showed that in August, prices were up 8.3 percent from a year ago.
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The post-COVID labor market recovery is like this summer’s weather: SCORCHING.
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Whether or not NBER officially makes the recession call, it’s becoming obvious that a slowdown has begun.
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As the Fed prepares for its two-day policy meeting on July 26 and July 27, there may be a few breaks in the cloudy economic picture for our central bankers.
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Despite the hand wringing over a coming recession and sentiment levels dropping to all-time lows, the June employment report showed that the U.S. economy is alive and well.
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The toxic combination of a four-decade high inflation and the Federal Reserve’s aggressive interest rate hike campaign has increased the odds of a recession within the next year.
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On Friday, the bear came out and started roaring, but by the end of the day, he had retreated to his cave, perhaps using the weekend to rest up and come out again.
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Despite your fervent wish to avoid down markets at all costs, I have bad news: being a long-term investor means that you need to do just that.
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On the day that the Federal Reserve raised interest rates by a half of a percentage point, stocks shot up by about 3 percent. A mere 12 hours later, the party was over.
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