Stagflation is here
I wish people would stop talking about stagflation. It scares me. What scares me most is that there’s a greater than zero percent chance of it being an unwelcome guest for a good chunk of 2022. The term “stagflation” became popular during the 1970s as an oil price shock rattled the economy. (Sound familiar?) Stagflation…
By Allen Harris
March 14, 2022
Stock Market vs. Fed Rate Hikes in Volatile Market | Investor Pains
On June 15, 2022, the Federal Reserve’s Open Market Committee (FOMC) raised the federal funds rate to 1.65 percent. They vowed to “undertake open market operations as necessary to maintain the federal funds rate in a target range of 1.5-to-1.75 percent.” Let’s call it 1.75 percent for today’s discussion, which is in line with the…
By Allen Harris
June 27, 2022