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Amazon helps stocks steady but prospects for rate hikes loom over marketsAsian equity markets fought for a footing on Friday, supported by an Amazon-led bounce in U.S futures, but oil's rise to a seven-year high kept traders on edge over prospects that interest rates will rise to curb global inflationary pressures.
Source: Reuters - 🏆 2. / 97 Read more »
The Fed’s five rate hikes ‘too much for market to bear,’ Ex-Treasury economist saysFormer Treasury Department economist David Beckworth argues against multiple rate hikes in an economy that's already slowing. The market is this fragile? Dem LA Mayor garcetti, I keep my breath, there is a zero percent danger of infection from that Covid is under control soon Labor *surplus* soon Supply *surplus* soon Prices *decline* soon
Source: FoxBusiness - 🏆 458. / 53 Read more »