Market participants, including strategists at Morgan Stanley led by Mike Wilson, agree that heavy fiscal spending by the government has led to lower rates and other policy tools being utilized to support the economy. Consequently, the purchasing power of U.S. dollars has decreased significantly more than traditional inflation measures would suggest.
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The Fed's Meeting Minutes Just Echoed Concerns Not Heard Since Alan Greenspan in 1996. History Says This Could Be Both Great and Terrible for the S&P 500
The Federal Open Market Committee (FOMC) of the Federal Reserve sets monetary policy, influencing interest rates and economic outlook, which is crucial for investors. Recent minutes from the July meeting revealed concerns reminiscent of 1996 under Alan Greenspan, suggesting potential significant impacts on the S&P 500. Want More Context? 🔎
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