Where is inflation headed? Price increases have been muted since the 1990s – and have hovered below the Federal Reserve’s 2.0% target since it was set in 2012. Yet news that wages bumped up 2.9% in January, the fastest pace since 2009, jangled market nerves and set off more than a 650-point drop in the Dow in early February.
On March 1, President Trump announced that he would impose a 25% tariff on steel and 10% on aluminum, following a Commerce Department report that warned that reliance on imported steel was undermining American security. The announcement set off a 420 point drop in the Dow Jones on Thursday. There will be winners and losers […]
Given the recent volatility in equities, investors remain concerned about whether we are on the cusp of a bear market. A recent report by Alejandra Grindal of Ned Davis Research examines whether we are likely to experience a bear market given the recent signs of a robust economy. Her work suggests the global economy is […]