A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. All major indexes notched their largest weekly losses of 2023 on Friday. The S&P 500 fell by 2.7%. The Dow Jones Industrial Average sank 3%, and the tech-heavy Nasdaq fell 3.3%. What’s happening: It appears that after months of steady decline, the pace of inflation is going sideways.
While recent data has signaled that the US economy remains strong, “by the time we get to the middle of this year we expect to see some bad news coming and the sooner the markets get that message the more helpful it will be to the Fed,” he said. The final word: Former Bank of England Governor Lord Mervyn King summed up what many were thinking on Friday: Given the complexity of the current monetary situation, he said, “I wouldn’t want to give advice to any central banks about what we should do.
Yes, Because CNN constantly lies to help Fascist Democrats win elections!
Translation: Inflation still rampant after Democrats printed almost $2 TRILLION in new money to fix inflation. You can’t even make this stuff up.
Record inflation, crime, drug deaths, child trafficking plus energy dependence, open borders and now on the verge of WW3, all in 2 years -Democrats must be in heaven bc this is their agenda!
Huh. Almost like the Keystone XL was intended to prevent all of this.
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