David Solomon Warns: Inflation Will Be ‘Stickier’ and More Rate Hikes Are Coming — Here Are 2 Stocks for Protection
Yahoo! Finance
The US markets are showing some conflicting signs, making forecasting difficult. The main headwind, inflation, is down – but the labor market is strong, with unemployment falling and wages rising. The Federal Reserve raised interest rates at the fastest rate since the 1980s, bringing them from near-zero to more than 5% in the last 12 months, risking recession to try and keep a cap on prices. But will the Fed’s efforts come to naught? Interest rate increases tend to affect the markets with a lag
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