Here Are 2 Stocks That Could Benefit From the Fed’s Tightening Policy
Economía Aquí hay 2 acciones que podrían beneficiarse de la política de ajuste de la Fed Hace 12 minutos Noticias de Bitcoin Ethereum Inflation remains high, and that was on the mind of Jerome Powell as the Federal Reserve chair gave testimony to the Senate Banking committee today. Powell made it clear that the central bank is likely to lift interest rates higher than previously anticipated. Currently, the Feds key funds rate is set in the range of 4.5% to 4.75%. “Although inflation has been moderating in recent months, the process of getting inflation back to 2% has a long way to go, and is likely to be bumpy… The latest economic data have come in stronger than expected, which suggests that the ultimate level of interest rates is likely to be higher than previously anticipated,” Powell said. His comments have reignited worries that the Fed will trigger a recession to kill inflation. In bond markets, the 2-yaer note yield rose to near 5%, well above the 10-year notes 3.9%, an expansion of the yield inversion usually seen as a recession indicator. While the Fed‘s policy of tighter money and higher rates is squeezing capital and threatening deeper economic pain, and equities generally are edging down in