If the Fed Doesn't Cut Rates Soon The Market's High Might Dissolve
Equity market strength is unsustainable if the Fed opts to maintain current interest rates, Torsten Slok expressed in a Bloomberg TV interview.
Equity market strength is unsustainable if the Fed opts to maintain current interest rates, Torsten Slok expressed in a Bloomberg TV interview.
Federal Reserve Chair Jerome Powell that it will take "longer than expected" to achieve the confidence needed to get inflation down to the 2% target.
Sen. Elizabeth Warren (D-Mass.) criticized TurboTax for charging taxpayers for relatively simple tax returns and repeatedly upselling them.
SEC has imposed fines totaling $200,000 on five registered investment advisor (RIA) firms for presenting hypothetical investment results.
The combination of strong US growth and sticky inflation raises the odds the Fed hikes rather than cuts interest rates says UBS Group AG strategists.
The latest inflation report has significantly influenced market dynamics, with bond yields rising sharply and stock prices taking a considerable hit.
Central banks globally were caught off guard by the inflation surge that began three years ago, and are keen to correct their forecasting missteps.