Judging from pre market movement, it seems like the Wall Street is trying to put aside Powell’s comment on inflation is lacking progress in moving towards their 2% target.
Is the Wall Street ignoring the risk of keeping interest rate elevated throughout the year?
On the other hand, in the Main Street, some businesses are feeling the impact of a high interest rate environment and forecasting a potential weak market outlook (Starbucks, Netflix, eBay, Etsy)
Mismatch in e...
72734102 : All the Biden Inflation started when he “Dug Hole Deeper” in his first day in office! Tripling the Price of Oil. By stopping the U.S. from drilling and pumping from all the Oil rigs in the
U.S. That our previous administration policies had opened! We were Oil Rich and Independent! Bib oil profits doubled while pumping half the product! Mmm Bid Oil Loves Biden as Big Oil Profits Have Risen massively under Biden! Buy Tesla!