Stocks slump on worries of upcoming company profits amid squeeze of higher rates

Yields have shot higher this month as Wall Street ups its forecasts for how high the Federal Reserve will take short-term interest rates in its efforts to drive down high inflation. The Fed has already pulled its key overnight rate up to aSeveral reports have recently come in on the economy that were stronger than expected. On the positive side for markets, they helped allay fears that the economy may soon fall into a recession.

But on the negative side, they also give the Fed more reason to stick to the"higher for longer" campaign it's been espousing for interest rates to snuff out inflation.The latest evidence came from a preliminary report Tuesday that suggested business activity is gaining momentum. The services industry likely returned to growth last month and was at an eight-month high, according to S&P Global.

No doubt with all the criminal parents who dirt bag their children don’t you expect them too?

Biden strikes again

What a shame what the stock market has become. It is now a volatile casino that is run and manipulated by the big banks and big money. It's so volatile that if a CEO of a company sneezes the stock price drops. Wasn't meant to be this way!

Here we go, say hello to the worst recession ever!

Biden’s economy! All the result of his war from day 1 on fossil fuel.

Stolen Elections have consequences

The Fed’s gotta kill the economy in order to rein in the record high inflation Biden caused when he signed that 2 trillion dollar vote buying bill back in 2021.

拜登干的漂亮

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