Tuesday offered a strong reminder that inflation may not be done wreaking havoc across the economy and capital markets. Stocks sold off in the previous session, with the S & P 500 shedding 1.1%, after data from the Institute for Supply Management pointed to stickier price pressures. The price component of the ISM purchasing managers' services index jumped 6.2 points to 64.4.
" Johnson maintained his year-end S & P 500 target of 6,600. Barclays' Emmanuel Cau, head of head of European equity strategy, also noted that while the current market choppiness may persist, "the key drivers of the bull market, i.e. resilient earnings and growth-focused central banks, remain broadly in place for equities to climb the wall of worry.
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Fed Faces Dilemma: Sticky Inflation vs. Cooling Labor MarketThe Federal Reserve is grappling with a decision on interest rates as inflation remains stubbornly high despite signs of a softening labor market. While recent data shows that disinflation has stalled, the unemployment rate remains low at 4.2%. The Fed has a dual mandate to control inflation and maximize employment, but the current economic conditions may require prioritizing one over the other.
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Fed Faces Dilemma: Sticky Inflation vs. Soft Labor MarketThe Federal Reserve is grappling with conflicting signals from the economy. While inflation remains stubbornly high, there are signs of a slowdown in the labor market. This presents a dilemma for the Fed, as it must balance its dual mandate of price stability and maximum employment.
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