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- Daily Scoop 6-14
Daily Scoop 6-14
👋 Your Monday Scoops
Today's Scoop:Floating
Big Picture:
1) Inflation spiked in May, but it could be only a short-term thing.
2) Congress still hasn't agreed on a new infrastructure spending bill.
The Market: ⬆️+0.2%
S&P 500: 4,255.15
1Mo:
+2%
| 1Yr:
+39%
| 5Yr:
+105%
It was a slow day for the markets, drifting higher to new all-time highs. Investors didn’t show major concern for the spike in inflation reported last week. Now, they’re focused on whether the Federal Reserve will announce any policy changes this week.
Company Scoops ❤🌎💰
(Click to dig in & vote your reaction, see how others feel)
Tesla's
Coinbase's
Microsoft
Shell's
Unilever's
🤓 Inside Scoop...
The Federal Reserve, aka the Central Bank, is in charge of interest rates and the money supply. If they think inflation is getting too high, they'll increase interest rates and decrease the money in the system to stop the economy from overheating.
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