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- Daily Scoop 22-1-5
Daily Scoop 22-1-5
👋 Your Wednesday Scoops - Airbnb sanctions & is Pinterest dying?
Today's Scoop:Tantrum
Big Picture
Employers hired twice as many people as expected last month.
Policymakers are discussing a swift end to stimulus.
Corporations are shortening isolation periods.
The Market
⬇️
-1.9%
S&P 500: 4,700.58
1Mo:
+2%
| 1Yr:
+25%
| 5Yr:
+106%
Markets took a tumble today after investors got a peek at the Federal Reserve's last meeting notes. There was some
talk of restricting the economy after they've stopped stimulating
. The Fed is already cutting back the amount of money it's pumping into the system and planning to raise rates this year, but now they're discussing taking money out of the system. Investors hadn't started planning for that yet.
Hiring was strong in December.
ADP released its December employment report showing 807,000 jobs added last month, more than double what economists expected. The most significant gains were in the leisure and hospitality services sector.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Pinterest's
-
Toyota
-
Beyond Meat
-
Airbnb
-
Starbucks
(These links only work for 24 hours while the story is live)
🤓 Inside Scoop...
The Federal Reserve, aka the Central Bank, controls the flow of money. When the economy needs juice, it creates more money and lowers interest rates to incentivize more lending and spending. When inflation gets too high, that means there's too much lending and spending for the given available resources. The Fed then raises interest rates and starts to shut down all the supportive stimulus measures. The next step would then be to remove some of the money they've pumped into the system. It's a natural part of the economic cycle, but no one wants to be at the end of the good times.
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