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- Daily Scoop 22-3-22
Daily Scoop 22-3-22
👋 Your Tuesday Scoops - VW safety recall & strikes at Chevron
Today's Scoop:Paused
Big Picture
More workers are unionizing.
Corporations are raising wages.
Policymakers are focused on containing inflation.
The Market:
⬆️
+1.1%
S&P 500: 4,511.61
1Mo: +7
%
| 1Yr:
+15%
| 5Yr:
+92%
Markets drifted higher today without a ton of new data. Nike provided a
confidence boost to the retail industry
. Investors are mostly
worried about how well the Fed we be able to control inflation.
Yesterday, we heard from the Federal Reserve Chairman that they think inflation is far too high, indicating comfort with moving economic policy more quickly back to normal.
Prepare for higher interest rates.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Meta's
-
Delta
-
Chevron
-
Nike
-
Volkswagen
(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 available resources. So, the Fed raises interest rates and starts to shut down all the supportive stimulus measures. In a regular economic cycle, inflation starts to get too high because the economy has recovered and doesn't need the extra boost. The fear now is that inflation will keep rising due to unusual global trade issues, forcing the Fed to restrict the economy before it's strong enough to handle it.
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