“Global shipping woes, raw material inflation as well as acute shortages in both labour and semiconductors have combined to increase costs for companies across the economy. Investors have started to reward companies with attractive margin profiles.”
Pundits expected the central bank leader to strike a more dovish tone on the economic recovery and monetary policy compared to his other recent public remarks, given the mixed June jobs report out earlier this month and last week’s Fed minutes showing a central bank divided on the topic of tapering. Kathy Jones, Charles Schwab’s chief fixed-income strategist said, “I think the recovery is on track, it’s just the rate of change that has slowed, and we couldn’t continue to grow at 9 per cent to 10 per cent GDP growth every quarter, so obviously it’s going to slow down.”
I wish there is a way to invest in US stock.