Fed’s Barkin says rate increases need to continue until inflation holds at 2%

Despite positive inflation data this week, Richmond Federal Reserve President Thomas Barkin said Friday that more interest rate increases will be needed to tamp down price pressures. Releases this week showing that consumer and wholesale price increases softened in July were “very welcome,” Barkin told CNBC’s “Squawk on the Street” in a live interview. “So […]

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Why Are Stocks And Bonds Both Down?

Part I: Bonds Conventional wisdom is that bonds always protect portfolios from stock declines. This would require a strong negative correlation between stocks and bonds. Evidence suggests: The stock/bond correlation is small and may even be slightly positive. Bond returns can be negative even when stock returns are negative. Rising interest rates reduce bond prices […]

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Ignore The Debate Over Whether The Inflation Reduction Act Raises Taxes On Those Making $400,000 Or Less

As Congress is about to pass the Inflation Reduction Act, Washington is once again having a breathless debate over very little. This one is about whether Democrats are violating President Biden’s pledge to not raise taxes on households making $400,000 or less annually. But here’s the secret: This is yet another ridiculous political argument. The […]

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Stocks making the biggest moves premarket: Honest Company, Rivian, Illumina and others

Check out the companies making headlines before the bell: Honest Company (HNST) – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures, but expects improvement as the year goes on, including […]

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