Financial News
A useful step, but where`s the clear and convincing evidence?
August 10, 2022 at 16:18 PM EDT
Mid-week market update: The markets took on a risk-on tone in the wake of the softer than expected CPI report. It was a useful first step and a possible sign that inflation is peaking, but I am still waiting for the "clear and convincing evidence" that inflation is under control before getting overly excited about the stock market. Managing monetary policy is like steering a supertanker. Changes happen very slowly and market sentiment may be getting ahead of itself.
The full post can be found here.
The full post can be found here.
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